| Vista, Evergreen and Elliott buy Citrix for $16.5bn; TPG preps to launch 9th fund Happy Monday, Hubsters. MK Flynn here, with today’s Wire.
Take-private deal. Big news this morning: Citrix Systems has agreed to be acquired by Vista Equity Partners, Evergreen Coast Capital and an affiliate of Elliott Investment Management in an all-cash deal valued at $16.5 billion, including the assumption of Citrix debt. Several mega take-private deals were announced in 2021, and more are expected this year.
Fundraising. On the heels of its successful IPO, TPG Capital is preparing to launch its ninth flagship fund, sources told Buyouts.
From A to IPO. “Now that everyone and their brother is jumping into growth deals, late-stage investment pioneer TCV is heading the other way with a brand-new fund focused on Series A through C deals,” reports Venture Capital Journal’s Lawrence Aragon.
Deal of the Year: Get your nominations in now for your best exits (either full or majority) that closed in 2021. Awards are given in seven categories: overall deal of the year, large-cap, middle-market, small-cap, international, turnaround and secondaries. Deadline is Friday, Feb. 11. Send to Chris Witkowsky, private equity editor, at [email protected]. Go here for all the rules and regs!
If you’re still reeling from last week’s SEC alerts, check out analysis from Regulatory Compliance Watch’s Bill Myers.
Until tomorrow, MK
Read the full wire commentary on PE Hub ...
Also of note (may require subscriptions) "Freshfields Bruckhaus Deringer has paid a special bonus to its London-based private equity lawyers, becoming the latest international law firm to move away from its traditional pay strictures in a bid to halt defections to deep-pocketed US rivals." (Financial Times)
"The University of California system is suing 8minute Solar Energy LLC and Tom Buttgenbach, its co-founder and chief executive, seeking roughly $1.22 billion over the university’s investment in several renewable-power projects." (WSJ Pro)
The Houston Chronicle has a profile of Main Street Capital, detailing how the local PE firm "has cut its own path in the dog-eat-dog world of private equity, focusing on smaller, family-run and Houston area companies, leaving management in place, and holding its investments longer than most private equity firms. This approach has helped Main Street Capital grow to a $3 billion company while setting records last year for both the amount of money invested and profits generated from investments in more than 70 private companies."
"Blackstone Inc. has amassed $11 billion to buy companies in Asia after raising its second private-equity fund for the region, nearly tripling its previous pool of capital raised in 2018." (Bloomberg)
"Steve Koltes, co-founder of Europe’s biggest private equity firm CVC Capital Partners, is stepping down this year as the company works on plans for a stock market listing." (Financial Times)
PE Deals 
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Today's letter was prepared by MK Flynn Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. 
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