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6.05.26
Wilson Sonsini Advises SewerAI on Strategic Investment
On June 2, 2026, SewerAI, a leading AI platform for sewer and underground infrastructure intelligence, announced a major strategic investment led by JMI Equity, a leading growth equity software investor based in the greater Washington, D.C., area and San Diego, with continued participation from Innovius Capital, Epic Ventures, and Bentley Systems. Wilson Sonsini Goodrich & Rosati advised SewerAI on the transaction.
Client Highlights
12.17.25
Wilson Sonsini Advises Udemy on Combination with Coursera
On December 17, 2025, Udemy, Inc., an AI-powered skills acceleration platform that combines on-demand, multi-language content with real-time innovation, and Coursera, Inc., an AI-powered online learning platform, announced that they have entered into a definitive merger agreement under which Coursera will combine with Udemy in an all-stock transaction. Based on the closing prices of Coursera and Udemy common stock on December 16, 2025, the implied equity value of the combined company is approximately $2.5 billion. The transaction is expected to close by the second half of 2026, subject to the receipt of required regulatory approvals, approval by Coursera and Udemy shareholders, and the satisfaction of other customary closing conditions.
Client Highlights
9.11.25
Firm Advises Dropbox on $700 Million Upsize to its Existing Secured Credit Facility
On September 9, 2025, Dropbox, Inc. announced an amendment to its existing Credit and Guaranty Agreement, providing the company with a secured term loan facility in an aggregate principal amount of up to $2.7 billion, consisting of $1 billion of existing term loans, $1 billion of existing delayed draw term loans, and $700 million of 2025 delayed draw term loans. The amended facility was led and substantially provided by Blackstone Credit & Insurance. Proceeds of the additional delayed draw term loans may only be used to repay Dropbox’s outstanding convertible senior notes due in 2026. Wilson Sonsini Goodrich & Rosati advised Dropbox on the transaction.
Client Highlights
7.25.25
Wilson Sonsini Advises Revival on Strategic Partnership with Olympus
On July 25, 2025, Revival Healthcare Capital (Revival), an investment firm focused on transformative external innovation partnerships in MedTech, announced a strategic partnership with Olympus Corporation (Olympus), a global healthcare leader committed to making people’s lives healthier, safer, and more fulfilling through advanced medical technologies and solutions. The partnership is aimed at harnessing external innovation to accelerate development and market entry for an endoluminal robotics platform initially targeting gastrointestinal (GI) treatments. Wilson Sonsini Goodrich & Rosati advised Revival on the transaction and on fund matters related to the transaction.
Client Highlights
6.30.25
Wilson Sonsini Advises Clio on $1 Billion Acquisition of vLex
On June 30, 2025, Clio, the world's leading provider of legal technology, announced it has signed a definitive agreement to acquire vLex, a pioneer in legal intelligence that combines cutting-edge AI with the world's most comprehensive global legal research platform. The transaction is valued at $1 billion and will be paid in a combination of cash and stock. Wilson Sonsini Goodrich & Rosati is advising Clio on the transaction.
Client Highlights
6.27.25
Wilson Sonsini Advises Xero on Acquisition of Melio for up to $3 Billion
On June 24, 2025, New Zealand-based Xero Limited, a global small business platform that helps customers supercharge their business by bringing together the most important small business tools, announced it has entered into an agreement to acquire U.S.-based Melio Limited, a leading SMB bill pay platform that seamlessly integrates accounting and payments, and its associated entities (collectively Melio). The acquisition is expected to be funded through a mix of cash and equity, with an upfront consideration of $2.5 billion in cash and equity consideration and up to $500 million in contingent consideration, deferrals and rollovers payable to Melio employees. Wilson Sonsini Goodrich & Rosati is serving as lead counsel to Xero on the acquisition.
Client Highlights
1.15.25
Wilson Sonsini Advises Aerin on $32.5 Million Equity Fundraise, New Debt Facility
On January 13, 2025, Aerin Medical, a medical device company focused on expanding access to meaningful relief for millions of patients suffering from chronic ENT conditions, announced the successful completion of two significant financial transactions. These transactions position Aerin Medical to drive additional commercial growth, advance market-leading innovation, and further expand its robust clinical evidence portfolio. The $32.5 million equity financing was led by all of Aerin's major investors: KCK MedTech, Questa Capital, OrbiMed, and Ally Bridge Group, with new participation by Ares Management Credit funds, which also provided Aerin a debt facility to refinance its existing debt and access additional capital.
Client Highlights
12.13.24
Wilson Sonsini Advises Dropbox on $2 Billion Secured Credit Facility
On December 11, 2024, Dropbox announced that it entered into a Credit and Guaranty Agreement for a secured term loan facility in an aggregate principal amount of up to $2 billion, consisting of initial term loans in an aggregate principal amount of up to $1.0 billion and delayed draw term loans in an aggregate principal amount of up to $1.0 billion. The facility was led and substantially provided by Blackstone Credit & Insurance, who served as lead arranger and lead structuring agent. The proceeds of the term loans may be used for working capital and general corporate purposes, including share repurchases.
News Articles
8.08.24
IFLR1000 Recognizes Wilson Sonsini Practices, Attorneys in 2024 Guide
In the 2024 edition of its annual guide, IFLR recognized Wilson Sonsini practices and attorneys for their work in the financial and corporate sectors in the U.S. and China. The guide uses in-depth market analysis and interviews with practitioners and clients to determine leading financial and corporate law firms worldwide. Wilson Sonsini’s rankings are summarized below.
Client Highlights
7.25.24
Wilson Sonsini Advises Dren Bio on Collaboration with Novartis
On July 24, 2024, Dren Bio, Inc., a privately held, clinical-stage biopharmaceutical company developing antibody therapeutics for cancer, autoimmune, and other serious diseases, announced that it has entered into a strategic collaboration with Novartis Pharma AG, a subsidiary of Novartis AG. The collaboration will focus on the discovery and development of therapeutic bispecific antibodies for cancer using Dren Bio’s proprietary Targeted Myeloid Engager and Phagocytosis Platform. Wilson Sonsini Goodrich & Rosati advised Dren Bio on the transaction.
Client Highlights
6.18.24
Wilson Sonsini Advises TravelPerk on Acquisition of AmTrav
On June 18, 2024, TravelPerk, the hyper-growth global business travel management platform, announced its acquisition of the industry-leading United States company AmTrav, doubling down on its expansion in the U.S. Wilson Sonsini Goodrich and Rosati advised TravelPerk on the transaction.
Both platforms will capitalize on proprietary tech, AI capabilities, and expanded resources to further expand in the U.S. The acquisition will see TravelPerk double its revenue in the U.S., following 65 percent year-over-year growth in the market in 2023. TravelPerk’s U.S.-based headcount and footprint expands to now include offices in Boston, Chicago, Los Angeles, and Miami. AmTrav will operate under the same brand, and the entire team will continue with the business going forward.
Both platforms will capitalize on proprietary tech, AI capabilities, and expanded resources to further expand in the U.S. The acquisition will see TravelPerk double its revenue in the U.S., following 65 percent year-over-year growth in the market in 2023. TravelPerk’s U.S.-based headcount and footprint expands to now include offices in Boston, Chicago, Los Angeles, and Miami. AmTrav will operate under the same brand, and the entire team will continue with the business going forward.
Client Highlights
5.29.24
Wilson Sonsini Advises Cloudflare on $400 Million Credit Facility
On May 17, 2024, Cloudflare announced that the company entered into a credit agreement for a senior secured $400 million revolving loan facility (Revolving Facility) with Citibank. Wilson Sonsini Goodrich & Rosati advised Cloudflare on the transaction. The proceeds of loans under the Revolving Facility may be used for working capital and general corporate purposes.