GTY Technology Holdings Inc. completes acquisition by GI Partners
July 7, 2022
On July 7, 2022, GTY Technology Holdings Inc. ("GTY"), a leading provider of cloud software solutions for the public sector, completed its acquisition by GI Partners ("GI") for $6.30 per share of GTY common stock in cash. As a result of the transaction, GTY is now a privately-held company and GTY common stock will no longer be listed on any public market.
GI is a leading private investment firm, with assets under management totaling $35 billion. GI invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies.
McCarthy Tétrault advised GTY as Canadian counsel with a team led by D.J. Lynde that included Prateek Gupta, Karsten Carriere (M&A), Michel Ranger (Tax), Kelleher Lynch (Employment) and Oliver Borgers (Competition).