Milbank LLP advised Morgan Stanley, as administrative agent of first lien term loan and revolving credit facilities, Bank of America, as administrative agent of a second lien credit facility, Morgan Stanley, Bank of America, UBS, Bank of Montreal, Goldman Sachs and Antares Capital as joint lead arrangers and joint bookrunners of the credit facilities, and various second lien direct lenders, in connection with the financing for Ivanti, Inc’s (“Ivanti”) take-private acquisition of MobileIron, Ivanti’s acquisition of Pulse Secure LLC (“Pulse Secure”) and the refinancing of Ivanti’s existing debt. MobileIron is a leading provider of mobile-centric unified endpoint management solutions, and Pulse Secure is a leading provider of secure access and mobile security solutions. Both acquisitions as well as the refinancing of Ivanti’s existing debt closed on December 1, 2020.
Ivanti, which is backed by Clearlake Capital Group, L.P. and TA Associates, is a global market leader in Unified Endpoint Management, Zero Trust Security, and IT Service Management.
The Milbank Global Leveraged Finance team was led by partners Jerome McCluskey, Marcus Dougherty and Charles Stern and special counsel Meir Hornung, and included associates Allen Mintz, Gabrielle Paolini, Taylor Andrews, Eliza Biswas, George Miller and Nicole Rose.
