Kaseya to Acquire Datto for $6.2 Billion

Paul, Weiss is advising Insight Partners and its portfolio company Kaseya, a premier provider of unified IT management and security software for managed service providers (MSPs) and small to medium-sized businesses (SMBs), on the financing aspects of Kaseya's $6.2 billion acquisition of Datto, a leading global provider of security and cloud-based software solutions purpose-built for MSPs. The all-cash transaction will be funded by an equity consortium led by Insight Partners, with significant investment from TPG Capital and Temasek, and participation from notable financing sources and investors, including Golub Capital, Blackstone Credit, Ares, Owl Rock, Oak Hill, Carlyle Global Credit and Sixth Street.

Datto stockholders will receive $35.50 per share under the terms of the transaction, which is expected to close in the second half of 2022, subject to customary closing conditions.

The Paul, Weiss team includes corporate partner David Tarr and tax partner Brian Krause and counsel Kevin Colan.