Legal DealFolio - Blackboard Inc Acquisition Financing

Davis Polk advised Bank of America, N.A., Deutsche Bank Securities Inc. and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners and Bank of America, N.A. as administrative agent in connection with a $780 million first lien term loan facility, a $100 million first lien revolving credit facility and a $350 million second lien credit facility provided to Providence Equity Partners in connection with its acquisition of Blackboard Inc., valued at approximately $1.64 billion in enterprise value. Blackboard is a global leader in enterprise technology and innovative solutions that improve the experience of millions of students and learners around the world every day. Founded in 1997, Blackboard is headquartered in Washington DC, with offices in North America, Europe, Asia and Australia. Headquartered in Providence, Rhode Island, Providence Equity Partners is a global private equity firm specializing in equity investments in media, entertainment, communications and information companies around the world. The Davis Polk financing team included partner James A. Florack and associates Shakhi Majumdar, Angela W. Cho, Xin Yu and Lauren N. Gillespie. Partner Michael Farber and associate Una Au provided tax advice, associates David R. Bauer and Daniel Ray provided intellectual property advice and partner Barbara Nims and associate Jessica Lutrin provided employee benefits advice. Richard A. Harrison was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.

Deal Date:	04-10-2011	Practice Area:	International Finance and Bank Credit
Deal Title:	Blackboard Inc Acquisition Financing	Industry:	Software & Computer Services
Description:	Davis Polk advised Bank of America, N.A., Deutsche Bank Securities Inc. and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners and Bank of America, N.A. as administrative agent in connection with a $780 million first lien term loan facility, a $100 million first lien revolving credit facility and a $350 million second lien credit facility provided to Providence Equity Partners in connection with its acquisition of Blackboard Inc., valued at approximately $1.64 billion in enterprise value. Blackboard is a global leader in enterprise technology and innovative solutions that improve the experience of millions of students and learners around the world every day. Founded in 1997, Blackboard is headquartered in Washington DC, with offices in North America, Europe, Asia and Australia. Headquartered in Providence, Rhode Island, Providence Equity Partners is a global private equity firm specializing in equity investments in media, entertainment, communications and information companies around the world. The Davis Polk financing team included partner James A. Florack and associates Shakhi Majumdar, Angela W. Cho, Xin Yu and Lauren N. Gillespie. Partner Michael Farber and associate Una Au provided tax advice, associates David R. Bauer and Daniel Ray provided intellectual property advice and partner Barbara Nims and associate Jessica Lutrin provided employee benefits advice. Richard A. Harrison was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	0.00-100.00
Advised Party:	Lender	Law Firm	Davis Polk
Borrower Jurisdiction:	United States	Lender Jurisdiction:	United States
Classification:	Acquisition Finance Private Company Acquisition	Lawyer	James A Florack

Practice Areas -

International Finance and Bank Credit Law Firms and Lawyers

Practice Areas - International Finance and Bank Credit Law Firms and Lawyers