Qlik, a leader in visual analytics delivering intuitive solutions for self-service data visualization and guided analytics, today announced the completion of its acquisition by leading private equity investment firm Thoma Bravo, LLC. Under the terms of the merger agreement, Qlik shareholders are entitled to receive $30.50 in cash for each share of Qlik common stock they hold.

The transaction was announced on June 2, 2016 and received approval from Qlik shareholders on August 17, 2016. As a result of the completion of the acquisition, shares of Qlik common stock were removed from listing on The NASDAQ Stock Market LLC (“NASDAQ”), with trading in Qlik shares suspended prior to the opening of business today.

Morgan Stanley & Co. LLC served as exclusive financial advisor to Qlik and Skadden, Arps, Slate, Meagher & Flom LLP and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP served as its legal advisors. Goldman, Sachs & Co. served as exclusive financial advisor to Thoma Bravo and Kirkland & Ellis LLP served as its legal advisor. Ares Capital Corporation is serving as the administrative and collateral agent, joint lead arranger and joint bookrunner for the $1.075 billion unitranche credit facility in support of the acquisition. Ares Capital Management is leading the syndication. Additional joint lead arrangers include Golub Capital LLC, TPG Specialty Lending, Inc. and Varagon Capital Partners, LP.