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Weil, Gotshal & Manges LLP Advises PSG on $800M Investment in LogicMonitor

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Posted: 25th November 2024 by
Izabel Modano
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Weil, Gotshal & Manges LLP Advises PSG on $800M Investment in LogicMonitor.

Weil, Gotshal & Manges LLP advised PSG, in partnership with Golub Capital and other investors, on their $800 million investment in LogicMonitor, a top SaaS-based hybrid observability platform. This investment increases LogicMonitor’s total valuation to around $2.4 billion, including debt.

LogicMonitor specializes in combining artificial intelligence (AI) with data center operations to optimize performance, resilience, and sustainability. Under the leadership of CEO Christina Kosmowski, the company plays a pivotal role in supporting the AI-driven demands of modern data centers. With this investment, LogicMonitor is poised to continue driving innovation in observability management, ensuring data centers operate at peak efficiency.

“We have secured one of the largest and most significant investments for data center observability management as we are a mission critical part of the AI race – in short AI needs data centers and data centers need LogicMonitor,” said Christina Kosmowski, CEO, LogicMonitor.

Weil, Gotshal & Manges LLP’s legal team, led by Private Equity partner Richard Frye, played a key role in guiding PSG through this high-profile transaction. Joining him were associate Carson Parks and Tax partner Jonathan Macke, who helped structure the deal and address the tax implications of the investment.

This significant deal marks a milestone in LogicMonitor's growth and reinforces the company’s critical position in the evolving AI landscape. The involvement of industry leaders like Vista Equity Partners ensures that LogicMonitor will continue to be a dominant force in data center observability, providing crucial support for the AI infrastructure that powers modern enterprises.

LogicMonitor is based in Santa Barbara, California, USA. The company specializes in a SaaS-based hybrid observability platform for data centers, integrating artificial intelligence (AI) to optimize performance and efficiency.

Weil, Gotshal & Manges LLP is a leading international law firm, known for its expertise in corporate law, litigation, mergers and acquisitions, private equity, and restructuring. Founded in 1931, the firm serves a diverse range of clients, including Fortune 500 companies and financial institutions, with offices in major global cities. Weil is recognized for handling complex legal matters and providing innovative, high-quality solutions.

 

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