SolarWinds Filing Form 10 Registration Statement

SolarWinds Worldwide, LLC announced the initial public filing of a Form 10 registration statement with the US SEC for the previously announced potential spin-off its MSP business into a standalone, separately-traded public company to be named N-able, Inc.

The registration statement, which was filed on March 26, 2021, includes preliminary information regarding the potential spin-off, including information about N-able’s business, strategy and historical financial results. A copy of the registration statement is available on the SEC website under the name “N-able, LLC”. The registration statement is subject to change prior to it being declared effective by the SEC and will be updated in subsequent amendments as additional information for the potential spin-off is finalized.

Completion of the potential spin-off transaction would be subject to various conditions, including final approval of the board of directors of SolarWinds, and there can be no assurance that the potential spin-off transaction will be completed in the manner described above, or at all.

If SolarWinds proceeds with the spin-off, it currently would expect to complete the transaction in 2Q21. In connection with the foregoing, DLA Piper LLP (US) is serving as legal advisor.