Golden Gate completes US$1 billion acquisition of Geac

Date Closed: 3/14/2006

Value: US$1 billion

On March 14, 2006, Golden Gate Capital completed its acquisition of all of the issued and outstanding common shares in the capital of Geac Computer Corporation Limited for a total purchase price of approximately US$1 billion or US$11.10 per common share. The transaction was completed by means of a court-approved plan of arrangement under the Canada Business Corporations Act, after Geac shareholders overwhelmingly voted in favour of the plan. Golden Gate is a San Francisco-based private equity investment firm with over US$2.5 billion of capital under management dedicated to investing in high-growth businesses in change-intensive industries. Geac is a global enterprise software company that addresses the needs of chief financial officers.

Golden Gate was represented by Kirkland & Ellis LLP and was also advised by BLG with a team led by Paul Mingay that included Frank Allen and Dyana McLellan (corporate/securities), Larissa Tkachenko (tax), Adam Fanaki (Investment Canada), Howard Silverman and Will Wallace (banking), and Colleen Spring Zimmerman (intellectual property).