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Proposed Offering of Senior Notes by Affiliates of Golden Gate Capital and Summit Partners(March 16, 2012)
SAN FRANCISCO, CA and BOSTON, MA -- (Marketwire) -- 03/16/12 --
Golden Gate Capital and Summit Partners today announced that GGC Software Holdings, Inc.'s ("GGC Holdings") wholly owned subsidiary, Lawson Software, Inc. ("Lawson"), intends to commence an offering of approximately $1,150 million in aggregate principal amount of senior notes due 2019. The notes are being issued in connection with the proposed combination of Infor Global Solutions Intermediate Holdings Limited and Lawson. The notes will be guaranteed by GGC Holdings and certain of the combined company's existing and future subsidiaries that guarantee their new credit facilities.
The notes and the related guarantees will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States pursuant to Regulation S under the Securities Act. The notes and the related guarantees have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell the notes, nor a solicitation for an offer to purchase the notes.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $12 billion of capital under management.
About Summit Partners
Summit Partners is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised more than $14 billion in capital.
This message may contain forward-looking statements based on current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by the company. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding the impact of the transaction, including but not limited to, the company's expectations with respect to the combined companies' available solutions, leadership position, competitive strengths and positioning; client base; the approval of the transaction by stockholders and regulators; the satisfaction of the closing conditions to the transaction; the completion of the transaction on stated terms; and the timing of the completion of the transaction. Such statements speak only as of the date hereof and are subject to change. The company undertakes no obligation to revise or update any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. Important factors that may cause such a difference include, but are not limited to, the risk the company's businesses and their relationships with customers, employees or suppliers could suffer due to the uncertainty relating to the transaction; that the transaction may not be consummated, may be consummated on different terms or may be delayed; that anticipated synergies and strategic benefits from the transaction may not be fully realized; that a failure to satisfy conditions to close the transaction, including obtaining the requisite regulatory and stockholder approvals, may occur; and the general economic and political conditions and specific conditions that may impact company operations.
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