McMillan Advises Thoma Bravo in its $1.8 Billion Acquisition of Magnet Forensics Inc.

On April 6, 2023, Thoma Bravo successfully completed the acquisition of all of the issued and outstanding subordinate voting shares and multiple voting shares of Magnet Forensics Inc. (“Magnet”) (TSX: MAGT) for $1.8 Billion, by way of a plan of arrangement.

Thoma Bravo is one of the largest software investors in the world. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors.

Magnet Forensics is a developer of digital investigation software that acquires, analyses, reports on and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.

In this complex and cross-border transaction, Paul Davis and Michael Whitcombe expertly led McMillan’s national and multidisciplinary team, which included Sandra Zhao, Arjin Choi, Matthew DeAmorim (Capital Markets & Securities and M&A); Darcy Ammerman and Christina Kim (Financial Services); Neil Campbell and William Wu (Competition); Todd Miller, Andrew Stirling and Danielle Karlin (Tax); Paul Boshyk, David Fanjoy and Ioana Pantis (Employment & Labour); Kaleigh Zimmerman (Intellectual Property); Kristen Pennington (Privacy); Robert Piasentin (Technology); Ximena Pinilla (Commercial Real Estate); and Ralph Cuervo-Lorens and Julia Loney (Environmental).

As a national business law firm with exceptional capabilities to lead businesses through cross-border transactions and investments into Canada and within multifaceted regulatory regimes, McMillan provides real-time business solutions to our clients. Our legal teams are skilled at structuring and closing complex deals of all shapes and sizes in Canada, the US and internationally and in providing innovative transactional advice and solutions. Our understanding of business imperatives and our relationships with the regulators helps our clients stay ahead.