1 week Ago By Reuters
In This Article: By Milana Vinn and Abigail Summerville NEW YORK (Reuters) - Tidal Partners, a mergers and acquisitions advisory firm launched in 2022 by former Centerview Partners dealmakers, has hired investment banker Anand Sankaralingam from Evercore, according to people familiar with the matter. Sankaralingam, who joined Evercore in 2014 and is currently on gardening leave, will start his new role at Tidal Partners this month and focus on dealmaking in the software industry, the sources said, requesting anonymity as the matter is private. Sankaralingam, who will be based in Palo Alto, California, has advised on deals involving companies such as Palo Alto Networks, Tesla, Facebook, Yahoo, Aruba, EverCommerce, eSentire, and Intapp.
Prior to his stint at Evercore, Sankaralingam was an engineer at Netflix and Yahoo for more than six years, according to his LinkedIn profile. Tidal Partners declined to comment. Evercore did not respond to requests for comment.
Palo Alto-based Tidal Partners was started by veteran technology bankers David Handler and David Neequaye. Their firm, which employs about 30 people, according to its website, has advised on notable transactions including Cisco Systems' $28 billion acquisition of cybersecurity firm Splunk - a deal which closed last year. Tidal Partners has also advised on other deals, including ServiceNow's acquisition of G2K Group and Bloom Energy's $550 million convertible notes offering.
Last year, the firm worked with software maker OpenGov on its $1.8 billion sale to family-owned communications services provider Cox Enterprises. (Reporting by Milana Vinn and Abigail Summerville in New York; editing by Jason Neely).
