At least a half dozen law firms are advising on a deal by Kaseya Ltd. to buy Datto Holding Corp. which provides data backup and disaster recovery software and security to managed services providers.
Willkie Farr & Gallagher is legal adviser to Miami-based Kaseya, a portfolio company of Insight Partners that provides IT management and security software. Paul, Weiss is advising Kaseya on the deal’s financing, while Kirkland & Ellis is counseling Norwalk, Connecticut-based Datto.
Kaseya’s offer of $35.50 per share represents a 52% premium on Datto’s stock price of $23.37 as of March 16, valuing the company at about ...
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