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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.
Press Releases
8.15.24
Ten Wilson Sonsini Attorneys Appointed to ABA Antitrust Law Section Leadership
Contact:
Kimberly Brooks
Wilson Sonsini
+1 212.453.2881
kbrooks@wsgr.com
Kimberly Brooks
Wilson Sonsini
+1 212.453.2881
kbrooks@wsgr.com
Client Highlights
6.27.24
Wilson Sonsini Advises Infinera on Acquisition by Nokia
On June 27, 2024, Nokia and Infinera, a global supplier of innovative open optical networking solutions and advanced optical semiconductors, announced a definitive agreement under which Nokia will acquire Infinera in a transaction valuing the company at $6.65 per share or an enterprise value of US$2.3 billion. At least 70 percent of the consideration will be paid in cash and Infinera’s shareholders can elect to receive up to 30 percent of the aggregate consideration in the form of Nokia ADSs. Wilson Sonsini Goodrich & Rosati advised Infinera on the transaction.
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
4.24.24
Wilson Sonsini Advises HashiCorp on $6.4 Billion Acquisition by IBM
On April 24, 2024, IBM and HashiCorp Inc., a leading multi-cloud infrastructure automation company, announced that they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. Wilson Sonsini Goodrich & Rosati is advising HashiCorp on the transaction.
HashiCorp's suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. IBM’s acquisition continues its deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.
HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks, and Vodafone. HashiCorp's offerings have widescale adoption in the developer community and are used by 85 percent of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp's FY2024.
The boards of directors of IBM and HashiCorp have both approved the transaction, which is subject to approval by HashiCorp shareholders, regulatory approvals, and other customary closing conditions. The transaction is expected to close by the end of 2024.
The Wilson Sonsini team advising HashiCorp on the acquisition includes:
HashiCorp's suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. IBM’s acquisition continues its deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.
HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks, and Vodafone. HashiCorp's offerings have widescale adoption in the developer community and are used by 85 percent of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp's FY2024.
The boards of directors of IBM and HashiCorp have both approved the transaction, which is subject to approval by HashiCorp shareholders, regulatory approvals, and other customary closing conditions. The transaction is expected to close by the end of 2024.
The Wilson Sonsini team advising HashiCorp on the acquisition includes:
Client Highlights
1.11.24
Wilson Sonsini Advises Transphorm on $339 Million Acquisition by Renesas
On January 11, 2024, Renesas Electronics Corporation (Renesas, TSE: 6723), a premier supplier of advanced semiconductor solutions, and Transphorm, Inc. (Transphorm, Nasdaq: TGAN), a global leader in robust gallium nitride (GaN) power semiconductors, announced that they had entered into a definitive agreement pursuant to which a subsidiary of Renesas will acquire all outstanding shares of Transphorm’s common stock for $5.10 per share in cash, for a transaction value of approximately $339 million. Wilson Sonsini Goodrich & Rosati advised Transphorm on the transaction.
Client Highlights
12.18.23
Wilson Sonsini Advises OhmConnect on Merger Agreement with Google Nest Renew
On December 14, 2023, Google Nest Renew, a load shifting service for Google Nest thermostats that help customers shift their energy usage to times when the electrical grid is cleaner or energy is less expensive, announced that it is spinning out from Google and combining with OhmConnect, a start-up that Sidewalk Infrastructure Partners (SIP) invests in that helps manage load shifting services for Nest and other smart thermostat brands. The new company will be called "Renew Home." Wilson Sonsini Goodrich & Rosati is advising OhmConnect on the transaction.
SIP will combine their platform company, OhmConnect, with assets from Google Nest’s Renew service business to form Renew Home, which will help customers and energy providers unlock energy savings and rewards in a way that supports a clean energy grid. Renew Home will combine OhmConnect’s innovative home energy management platform, which has helped California avoid dangerous blackouts, with Google Nest’s leadership in energy products and services that help customers prioritize cheaper and cleaner energy. Nest Renew and OhmConnect customers will have improved experiences and offerings, as Renew Home works with partners across the energy industry to offer savings and rewards while accelerating the clean energy transition. SIP is also investing $100 million in fresh capital to drive Renew Home’s future growth as a SIP platform company. The closing of the transaction is subject to regulatory approvals and other customary closing conditions.
SIP will combine their platform company, OhmConnect, with assets from Google Nest’s Renew service business to form Renew Home, which will help customers and energy providers unlock energy savings and rewards in a way that supports a clean energy grid. Renew Home will combine OhmConnect’s innovative home energy management platform, which has helped California avoid dangerous blackouts, with Google Nest’s leadership in energy products and services that help customers prioritize cheaper and cleaner energy. Nest Renew and OhmConnect customers will have improved experiences and offerings, as Renew Home works with partners across the energy industry to offer savings and rewards while accelerating the clean energy transition. SIP is also investing $100 million in fresh capital to drive Renew Home’s future growth as a SIP platform company. The closing of the transaction is subject to regulatory approvals and other customary closing conditions.
Client Highlights
12.03.23
Wilson Sonsini Advises Hawaiian Airlines on $1.9 Billion Acquisition by Alaska Airlines
On December 3, 2023, Alaska Airlines and Hawaiian Airlines announced that they had entered into a definitive agreement pursuant to which Alaska Airlines will acquire the holding company of Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9 billion. Wilson Sonsini Goodrich & Rosati advised Hawaiian Airlines on the transaction.
Alerts
7.13.23
FTC Foreclosure Theory “Foreclosed”: FTC Loses Campaign to Block Microsoft’s Purchase of Activision
On July 10, 2023, the United States District Court for the Northern District of California denied the Federal Trade Commission’s (FTC’s) request to grant a preliminary injunction of Microsoft’s proposed acquisition of Activision Blizzard, clearing a major obstacle on the path to closing. The FTC has filed a notice of appeal with the Ninth Circuit. Significantly, the UK’s antitrust regulator, the Competition and Markets Authority (CMA), announced shortly after the denial that it had agreed toa stay of Microsoft’s appeal against the CMA’s prohibition decision.
Client Highlights
2.01.23
Wilson Sonsini Advises KnowBe4 on $4.6 Billion Buyout
On February 1, 2023, KnowBe4 Inc., a provider of security awareness training and simulated phishing platform, announced the close of its all-cash $4.6 billion acquisition by private equity firm Vista Equity Partners. The deal will pay shareholders $24.90 per share. The per share purchase price represents a 44 percent premium to the company’s unaffected closing price on September 16, 2022, the last full trading day before Vista publicly disclosed its initial non-binding acquisition proposal on its Schedule 13-D. As disclosed by KnowBe4 in a press release dated September 19, 2022, an independent special committee of KnowBe4’s board of directors was formed to review this proposal and other potential value creation opportunities.
Client Highlights
11.04.22
Firm Advises Bakkt on Acquisition of Apex Crypto
On November 3, 2022, digital asset platform Bakkt Holdings Inc. announced the acquisition of Apex Crypto LLC from Apex Fintech Solutions Inc. in a move that will bolster Bakkt’s cryptocurrency product offering and expand its footprint into new client verticals. Wilson Sonsini Goodrich & Rosati advised Bakkt on the deal.
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.