Debevoise Advises J.P. Morgan as Financial Advisor to AspenTech in its Offer for KBC Advanced Technologies

12 January 2016

Debevoise & Plimpton LLP is advising J.P. Morgan Securities as financial advisor to Aspen Technology, Inc. (“AspenTech”) in its all-cash offer for the entire issued and to be issued share capital of KBC Advanced Technologies plc (“KBC”) by ATI Global Optimisation LTD, a wholly owned subsidiary of AspenTech. Under the terms of the offer, KBC shareholders will receive 185p in cash for each share. The transaction values KBC at approximately £158 million or approximately $230 million at the current exchange rate. Both companies’ boards of directors unanimously support the transaction.

The transaction will be funded by cash on hand and committed financing. AspenTech plans to replace the committed financing with proceeds from a proposed $250 million revolving credit facility.

The Debevoise team is led by partner Andrew L. Bab, and includes associates Thomas Matthews, Pankita D. Naik and Bridgette Parks.

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