Travers Smith LLP has advised long-standing client The Carlyle Group and other selling shareholders on the sale of Eggplant, the global digital test automation and monitoring software provider, to a subsidiary of Keysight Technologies, Inc. (NYSE: KEYS) for $330 million.
Founded in 2008, Eggplant provides user-centric, intelligent testing and performance solutions designed to optimise the digital experience, delight customers, and drive business success. Through continuous product innovation following its acquisition by The Carlyle Group in 2016 (on which Travers Smith LLP also acted), Eggplant more than tripled revenue during Carlyle's ownership to become a recognised industry leader.
The Travers Smith team was led by Private Equity and Financial Sponsors Partner Ian Shawyer, assisted by Senior Associates Sally Hirst and Richard Hornshaw and Associates Raphaella Gabrasadig and Henry Don. Tax advice was provided by Partner Simon Skinner and Associate Lewis Currie, with Competition and Merger Control advice provided by Partner Stephen Whitfield and Senior Associate Alana Tinkler. The Travers Smith team also included Commercial, IP & Technology Partner James Longster and Associate Sarah Robinson, Incentives & Remuneration Partner Mahesh Varia and Senior Associate Claire Prentice, Operational Risk Partner Douglas Bryden, Senior Associate Laura Smyth and Associate Harrie Narain, and Finance Partner Matt Ayre and Associate Taggio Price.
Keysight was advised by Roger Barron and Sam Waite at Paul Hastings.