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12.13.22
Wilson Sonsini Advises Aeris Communications in Agreement to Transfer Ericsson’s IoT Accelerator and Connected Vehicle Cloud Businesses
On December 7, 2022, Ericsson and Aeris Communications, a leading provider of Internet of Things (IoT) solutions based in San Jose, California, signed an agreement for the transfer of Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses. Wilson Sonsini Goodrich & Rosati advised Aeris Communications on the transaction.
Client Highlights
3.09.22
Wilson Sonsini Advises Mandiant on $5.4 Billion Acquisition by Google
On March 8, 2022, Mandiant announced that it has entered into a definitive agreement to be acquired by Google for $23.00 per share in an all-cash transaction valued at approximately $5.4 billion, inclusive of Mandiant’s net cash. The offer price represents a 57 percent premium to the undisturbed 10-day trailing volume weighted average price as of February 7, 2022, the last full trading day prior to published market speculation regarding a potential sale of the company. Upon the close of the acquisition, Mandiant will join Google Cloud. The acquisition will complement Google Cloud’s existing strengths in security. Together with Mandiant, Google Cloud will deliver an end-to-end security operations suite with even greater capabilities as well as advisory services helping customers address critical security challenges and stay protected at every stage of the security lifecycle.
Client Highlights
10.14.21
Wilson Sonsini Represents Track 1099 in Its Acquisition by Avalara
On October 1, 2021, Avalara, a leading provider of tax compliance automation software for businesses of all sizes, announced it has acquired Track1099 LLC, a company that provides online software and services for cost-effectively managing, e-filing, and e-delivering IRS forms, including 1099s, W-2s, W-9s, and more. Wilson Sonsini Goodrich & Rosati represented Track1099 in the transaction.
News Articles
9.10.21
Four Firm Attorneys Recognized as BTI M&A Client Services All-Stars 2021
On September 9, 2021, BTI Consulting published BTI M&A Outlook 2022: A Whole New World of M&A, recognizing Wilson Sonsini Goodrich & Rosati as an unparalleled M&A powerhouse. The consultancy also published BTI M&A Client Service All-Stars 2021, in which four Wilson Sonsini partners—John Brust, Melissa Hollatz, Daniel Keating, and Rezwan Pavri—were recognized for delivering superior client service in M&A. BTI conducts the longest-running independent study to find and celebrate the attorneys that top legal decision-makers say deliver the absolute best client service. There is only one way to become a BTI M&A Client Service All-Star: for corporate counsel to single out an attorney—unprompted and without suggesting any names—for client service exceeding all others.
Client Highlights
7.29.21
Wilson Sonsini Advises Epic on Its $500 Million Acquisition By BYJU’S
On July 21, 2021, the global leader in personalized online learning, BYJU’s (backed by General Atlantic, Sequoia Capital, the Chan-Zuckerberg Initiative, Naspers, Silver Lake, Tiger Global, and other notable investors), announced a $500 million acquisition of Epic, the world’s leading digital reading platform for kids 12 and under. The acquisition will help expand BYJU’S U.S. footprint by providing access to the more than two million teachers and 50 million kids in Epic’s existing global user base, which more than doubled over the last year. Wilson Sonsini Goodrich & Rosati represented Epic in the transaction.
Client Highlights
6.25.21
Wilson Sonsini Advises Electriphi on Its Acquisition by Ford
On June 17, 2021, Ford announced it is acquiring Electriphi, a California-based provider of charging management and fleet monitoring software for electric vehicles. Electriphi’s team and services will be integrated into Ford Pro – a new global business within Ford committed to commercial customer productivity and to developing the most advanced charging and energy management experiences. Wilson Sonsini Goodrich & Rosati represented Electriphi in the transaction.
Client Highlights
6.03.21
Firm Advises FireEye on $1.2 Billion Sale of Products Business to Symphony Technology Group
On June 2, 2021, FireEye, Inc. announced that it has entered into a definitive agreement to sell the FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $1.2 billion, before taxes and transaction-related expenses. Wilson Sonsini Goodrich & Rosati advised FireEye on the transaction.
The transaction will separate FireEye’s network, email, endpoint, and cloud security products, along with the related security management and orchestration platform, from Mandiant’s controls-agnostic software and services, enabling both organizations to accelerate growth investments, pursue new go-to-market pathways, and focus innovation on their respective solutions. The FireEye Products business and Mandiant Solutions will continue to operate as a single entity until the transaction closes, allowing management and STG to develop a successful transition of the FireEye Products business to a standalone entity within the STG portfolio. The transaction is expected to close by the end of the fourth quarter of 2021, subject to customary regulatory approvals and closing conditions. FireEye also announced that its board of directors has approved a share repurchase program for up to $500 million of outstanding FireEye common stock.
The Wilson Sonsini team that advised FireEye on the transaction included:
Corporate/M&A
Melissa Hollatz
Broderick Henry
Tracy Sevush
Technology Transactions
Adam Shevell
Rosalind Schonwald
Morgan Dudkewitz
CFIUS
Joshua Gruenspecht
Seth Cowell
The transaction will separate FireEye’s network, email, endpoint, and cloud security products, along with the related security management and orchestration platform, from Mandiant’s controls-agnostic software and services, enabling both organizations to accelerate growth investments, pursue new go-to-market pathways, and focus innovation on their respective solutions. The FireEye Products business and Mandiant Solutions will continue to operate as a single entity until the transaction closes, allowing management and STG to develop a successful transition of the FireEye Products business to a standalone entity within the STG portfolio. The transaction is expected to close by the end of the fourth quarter of 2021, subject to customary regulatory approvals and closing conditions. FireEye also announced that its board of directors has approved a share repurchase program for up to $500 million of outstanding FireEye common stock.
The Wilson Sonsini team that advised FireEye on the transaction included:
Corporate/M&A
Melissa Hollatz
Broderick Henry
Tracy Sevush
Technology Transactions
Adam Shevell
Rosalind Schonwald
Morgan Dudkewitz
CFIUS
Joshua Gruenspecht
Seth Cowell
Client Highlights
4.09.21
Firm Represents SEEIT in $177 Million Acquisition of Commercial District Energy System
On April 6, 2021, SEEIT announced that it has agreed to acquire a 100 percent equity interest in a commercial district energy system, RED-Rochester, LLC (RED), from a fund managed by an affiliate of Stonepeak Infrastructure Partners for an equity cash consideration of approximately $177 million. Wilson Sonsini Goodrich & Rosati represented SEEIT in the transaction.
RED is one of North America’s largest district energy systems, with 117 MW of steam turbine generators plus boilers, chillers, and other equipment that provide exclusive utility services to commercial and industrial customers within the 1,200-acre Eastman Business Park in Rochester, New York. RED offers 16 onsite services, including electricity, steam, chilled water, wastewater, compressed air, nitrogen, lake water treatment, industrial water distribution, and high purity water distribution.
SEEIT’s acquisition of RED will be funded from existing cash reserves and RCF facilities, which includes the capital raised by SEEIT in its equity fundraising in February. Completion of the acquisition is expected following satisfactory conclusion of customary regulatory conditions and consents.
The Wilson Sonsini team that represented SEEIT in the transaction included Charlotte Kim, Mark Holloway, Melissa Hollatz, Broderick Henry, Anthony Malone, Heather Curlee, Derek Wallace, and Nika Antonikova.
RED is one of North America’s largest district energy systems, with 117 MW of steam turbine generators plus boilers, chillers, and other equipment that provide exclusive utility services to commercial and industrial customers within the 1,200-acre Eastman Business Park in Rochester, New York. RED offers 16 onsite services, including electricity, steam, chilled water, wastewater, compressed air, nitrogen, lake water treatment, industrial water distribution, and high purity water distribution.
SEEIT’s acquisition of RED will be funded from existing cash reserves and RCF facilities, which includes the capital raised by SEEIT in its equity fundraising in February. Completion of the acquisition is expected following satisfactory conclusion of customary regulatory conditions and consents.
The Wilson Sonsini team that represented SEEIT in the transaction included Charlotte Kim, Mark Holloway, Melissa Hollatz, Broderick Henry, Anthony Malone, Heather Curlee, Derek Wallace, and Nika Antonikova.
Client Highlights
2.25.20
Intuit to Acquire Credit Karma
On February 24, Intuit, a global financial software company with products including Turbotax, QuickBooks, Mint, and Turbo, announced that it had agreed to acquire Credit Karma, a personal finance company offering free credit scores, reports, and insights. Wilson Sonsini Goodrich & Rosati is advising Credit Karma in the transaction.
Client Highlights
9.30.19
Veeva Systems to Acquire Crossix Solutions
On September 26, 2019, Veeva Systems, a leader in cloud-based software for the global life sciences industry, and Crossix Solutions, a leader in privacy-safe patient data and analytics, announced that they have entered into a definitive agreement for Veeva to acquire Crossix, which will operate as an independent business unit under its current brand led by Crossix CEO Asaf Evenhaim. Wilson Sonsini Goodrich & Rosati is representing Veeva Systems in the transaction.