On May 15, 2024, TSR, Inc., a leading staffing company focused on recruiting information technology professionals, announced that it has entered into a definitive agreement to be acquired by Vienna Parent Corporation (Vienna Parent), a newly formed special purpose entity formed by Justin Christian, founder of BCforward. On May 16, 2024, Vienna Acquisition Corporation, an affiliate and wholly owned subsidiary of Vienna Parent, commenced a tender offer to purchase all of the outstanding shares of TSR, Inc. for $13.40 per share, representing an equity value of approximately $29 million and an approximately 73.8 percent premium to TSR, Inc.’s closing price on May 14, 2024.

Wilson Sonsini Goodrich & Rosati advised Zeff Capital, L.P., a 20 percent holder of TSR, Inc., in connection with the transaction. The Wilson Sonsini team was led by Douglas K. Schnell and Nikkisha Smith Howard.

For more information, please see TSR, Inc.'s press release. Additional coverage can be found on MarketWatch.