On Wed, Jul 17, 2019 at 8:09 PM Jeremy Rowley via dev-security-policy < [email protected]> wrote:
> Just FYI, there is an upcoming change in control event that will happen at > DigiCert where TA and Clearlake will take equity ownership of the company. > TA is currently a minority shareholder in DigiCert. Details are posted > here: > https://www.pehub.com/2019/07/clearlake-and-ta-to-invest-in-digicert/. > Operational personnel remain the same. We're not sure when this will > happen > exactly. Sometime later this year probably. > > > > Let me know if you have any questions. > Jeremy, Thanks for the disclosure here. To make sure it's clearer: Thoma Bravo currently has a majority stake, from its 2015 acquisition of equity from TA. [1] At that time, TA remained a minority stakeholder. Based on the announcement [2], TA and Clearlake are becoming equal partners - and, from what I understand, Thoma Bravo will no longer be a majority stakeholder. What wasn't clear to me was, from the past tense usage within the announcements, where Thoma Bravo was remaining as a stakeholder. From the change in management, it seems there will be a new chairman (Jason Werlin, TA Associates) and a new member of the board (Hythem El-Nazer, TA) - it wasn't clear whether Thoma Bravo would still be involved. I realize that discussing terms of such events are often fraught with complications in what can be said prior to the deal reaching approval and closing, but hopefully that's something that isn't too controversial or complicated. [1] https://www.digicert.com/news/2015-08-26-thoma-bravo-majority-stake-in-digicert/ [2] https://www.thomabravo.com/media/clearlake-capital-group-and-ta-associates-to-make-a-strategic-growth-investment-in-digicert _______________________________________________ dev-security-policy mailing list [email protected] https://lists.mozilla.org/listinfo/dev-security-policy
