Shearman Advises SAP SE in $12.5B Qualtrics Take-Private Deal

Business software giant SAP SE announced Monday that it had agreed to sell all its shares in Qualtrics, Inc. for $7.7 billion as part of a $12.5B deal to take the company private after barely two years as a publicly traded concern.

SAP’s controlling stake of more than 423 million shares in Qualtrics are being acquired in a deal jointly negotiated by Silver Lake Investors, a Silicon Valley investment firm, and the Canadian Pension Plan Investment Board.