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10.22.24
Wilson Sonsini Advises Stripe on Acquisition of Bridge
On October 21, 2024, financial infrastructure platform Stripe confirmed that it is acquiring stablecoin infrastructure provider Bridge. Wilson Sonsini Goodrich & Rosati advised Stripe on the transaction.
“Stablecoins are room-temperature superconductors for financial services. Thanks to stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years. Stripe is going to build the world’s best stablecoin infrastructure, and, to that end, we are delighted to welcome Bridge to Stripe,” wrote Stripe CEO Patrick Collison on X.
The transaction, which is subject to regulatory approvals and other closing conditions, is expected to close in the coming months.
The Wilson Sonsini team that advised Stripe on the transaction includes:
“Stablecoins are room-temperature superconductors for financial services. Thanks to stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years. Stripe is going to build the world’s best stablecoin infrastructure, and, to that end, we are delighted to welcome Bridge to Stripe,” wrote Stripe CEO Patrick Collison on X.
The transaction, which is subject to regulatory approvals and other closing conditions, is expected to close in the coming months.
The Wilson Sonsini team that advised Stripe on the transaction includes:
Client Highlights
6.18.24
Wilson Sonsini Advises Mobile Health on Acquisition by H.I.G. Growth
On June 17, 2024, H.I.G. Growth Partners (H.I.G. Growth), the dedicated growth capital investment affiliate of H.I.G. Capital, announced the acquisition of Mobile Health Consumer, Inc. (Mobile Health), an end-to-end digital health, wellness, and virtual care SaaS platform. Wilson Sonsini Goodrich & Rosati represented Mobile Health on the transaction.
Client Highlights
2.20.24
Wilson Sonsini Advises Kinnate Biopharma on Acquisition By XOMA
On February 16, 2024, Kinnate Biopharma Inc., a clinical-stage precision oncology company, announced it has entered into a definitive merger agreement whereby XOMA Corporation will acquire Kinnate. Pursuant and subject to the terms of the merger agreement, a wholly owned subsidiary of XOMA will commence a tender offer by March 4, 2024 to acquire all outstanding shares of Kinnate common stock. The merger transaction is expected to close in the first half of 2024. Wilson Sonsini Goodrich & Rosati is advising Kinnate on the transaction.
Client Highlights
7.14.23
Wilson Sonsini Advises Entrata on Acquisition of Rent Dynamics
On July 13, 2023, Entrata, a leading operating system for multifamily communities, announced its acquisition of Rent Dynamics, a provider for resident rent reporting and financial resources. Entrata has acquired 100 percent of the equity in Rent Dynamics and will be able to provide residents with increased access to financial tools designed to positively impact their financial future. Wilson Sonsini Goodrich & Rosati advised Entrata on the transaction.
Client Highlights
3.14.23
Firm Advises Morgan Stanley on $12.5 Billion Qualtrics Buyout
On March 13, 2023, experience management software company Qualtrics announced that private equity firm Silver Lake had agreed to purchase the company for $12.5 billion in partnership with Canada Pension Plan Investment Board. Wilson Sonsini Goodrich & Rosati advised Morgan Stanley, which served as the financial adviser to Qualtrics on the transaction.
Client Highlights
10.12.22
Wilson Sonsini Advises ForgeRock on $2.3 Billion Acquisition by Thoma Bravo
On October 11, 2022, ForgeRock, a global digital identity leader, and Thoma Bravo, a leading software investment firm, announced that they have entered into a definitive agreement under which Thoma Bravo will acquire ForgeRock in an all-cash transaction valued at $23.25 per share. The offer represents a premium of approximately 53% over ForgeRock’s closing share price on October 10, 2022. Wilson Sonsini Goodrich & Rosati is advising ForgeRock on the transaction.
Client Highlights
6.06.22
Wilson Sonsini Advises DoorDash on Acquisition of Wolt
On May 31, 2022, DoorDash completed its previously announced acquisition of Wolt Enterprises Oy (Wolt), bringing DoorDash to a total of 27 countries including the United States. Wilson Sonsini Goodrich & Rosati represented DoorDash in the transaction, in collaboration with Avance Attorneys Ltd. and Allen & Overy LLP.
Client Highlights
7.26.21
Wilson Sonsini Advises Medallia on $6.4 Billion Acquisition by Thoma Bravo
On July 26, 2021, Medallia, Inc., a global leader in customer and employee experience, announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, in an all-cash transaction that values Medallia at $6.4 billion. Through this transaction, Medallia will become a private company with additional resources and greater flexibility to build on its innovation leadership and expand its customer impact. Additionally, the transaction will allow Medallia to benefit from the operating capabilities, capital support, and deep sector expertise of Thoma Bravo. Wilson Sonsini Goodrich & Rosati represented Medallia in the acquisition.
Under the terms of the agreement, Medallia shareholders will receive $34.00 per share in cash, which represents a premium of approximately 20 percent to Medallia’s unaffected closing stock price on June 10, 2021, the last full trading day prior to media reports regarding a possible transaction, and a premium of approximately 29 percent to Medallia’s unaffected 30-day average price.
Under the terms of the agreement, Medallia shareholders will receive $34.00 per share in cash, which represents a premium of approximately 20 percent to Medallia’s unaffected closing stock price on June 10, 2021, the last full trading day prior to media reports regarding a possible transaction, and a premium of approximately 29 percent to Medallia’s unaffected 30-day average price.
Client Highlights
7.16.21
Wilson Sonsini Represents Aurora in Merger with Reinvent Technology Partners Y
On July 15, 2021, Aurora, the self-driving technology company, has entered into a definitive business combination agreement with Reinvent Technology Partners Y (Reinvent), a special purpose acquisition company (SPAC). Upon closing of the proposed transaction, the combined company will be named Aurora Innovation, Inc. and be publicly traded, with its common stock expected to be listed on Nasdaq with the ticker symbol "AUR." Wilson Sonsini Goodrich & Rosati is representing Aurora in the transaction.
Client Highlights
6.21.21
Wilson Sonsini Advises rideOS in Acquisition by Gopuff
On June 17, 2021, Gopuff, the go-to solution for immediate everyday needs, announced that it has entered into an agreement to acquire San Francisco-based rideOS, an enterprise start-up that builds cutting-edge proprietary technology for advanced routing, on-demand dispatch, and fleet optimization for the fast-growing delivery and logistics industries. Wilson Sonsini Goodrich & Rosati is advising rideOS in the transaction.
As Gopuff launches in more complex and high-density cities, accelerates geographic expansion, and enters into new verticals, rideOS’s proprietary technology and team of industry-leading experts will enable the company to innovate faster, power multi-modal deliveries, and reduce delivery times to continue to deliver a best-in-class customer experience. According to Sharad Sundaresan, Gopuff’s SVP, Product & Growth, “rideOS is among the best mapping, dispatching, and routing technology firms in the industry and we are thrilled to have them lead innovation in key sectors for Gopuff. This investment will enable Gopuff to continually improve the customer experience in more complex geographies as we lead and define the Instant Needs category worldwide.”
The Wilson Sonsini team advising rideOS in the acquisition includes:
As Gopuff launches in more complex and high-density cities, accelerates geographic expansion, and enters into new verticals, rideOS’s proprietary technology and team of industry-leading experts will enable the company to innovate faster, power multi-modal deliveries, and reduce delivery times to continue to deliver a best-in-class customer experience. According to Sharad Sundaresan, Gopuff’s SVP, Product & Growth, “rideOS is among the best mapping, dispatching, and routing technology firms in the industry and we are thrilled to have them lead innovation in key sectors for Gopuff. This investment will enable Gopuff to continually improve the customer experience in more complex geographies as we lead and define the Instant Needs category worldwide.”
The Wilson Sonsini team advising rideOS in the acquisition includes:
Client Highlights
3.22.21
Wilson Sonsini Advises Grand Rounds in Merger with Doctor on Demand
On March 16, 2021, Grand Rounds, a leader in healthcare quality and navigation, and Doctor on Demand, the nation’s leading virtual care provider, announced their merger agreement. Wilson Sonsini Goodrich & Rosati advised Grand Rounds in the transaction.
Client Highlights
1.19.21
Wilson Sonsini Advises Lumentum on $5.7 Billion Acquisition of Coherent
On January 19, 2021, Lumentum Holdings Inc., a designer and manufacturer of innovative optical and photonic products, and Coherent, Inc., a global supplier of industrial and fiber laser solutions, announced a definitive agreement under which Lumentum will acquire Coherent in a cash and stock transaction valued at $5.7 billion. Wilson Sonsini Goodrich & Rosati is advising Lumentum on the transaction.