IFLR1000

Micro Focus $8.8 billion acquisition of Hewlett Packard Enterprise software assets

1/9/2017
Public acquisition
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$ 8.8 billion

Completed

1/9/2017

Overview:

  • UK tech company Micro Focus has acquired the software assets of Hewlett Packard Enterprise (HPE) for $8.8 billion.
  • The deal sees HPE merge its non-core software assets with Micro Focus via reverse takeover.
  • 222 million shares were issued to HPE investors.
  • The deal will make Micro Focus the UK's largest listed software company valued at over £10 billion.
  • The deal was first announced in September 2016.
  • JPMorgan Caznove acted as financial adviser to Micro Focus.

Sam Duke - Editor

Jurisdictions:

United States
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Ashurst

Party: JPMorgan Chase (Financial adviser)

Freshfields Bruckhaus Deringer

Party: Hewlett Packard Enterprise (Target)

Lawyer: Stephen Hewes

Kirkland & Ellis

Party: Micro Focus International (Acquirer)

Lawyer: David Feirstein

Travers Smith

Party: Micro Focus International (Acquirer)

Lawyers: Jon Reddington, Spencer Summerfield

Wachtell Lipton Rosen & Katz

Party: Hewlett Packard Enterprise (Target)

Lawyers: Andrew Brownstein, Benjamin Roth

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