New York, NY (July 9, 2021) – Proskauer, a leading international law firm, today announced that its client ®, a top provider of e-commerce shipping solutions, has entered into a definitive agreement to be acquired by Thoma Bravo, a preeminent software investment firm, in an all-cash transaction that values at approximately $6.6 billion.
The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions, including approval by shareholders and receipt of regulatory approvals. The agreement includes a 40-day “go-shop” period. Upon closing of the transaction, the Company’s common stock will no longer be listed on any public market.
The Proskauer team was led by partner (M&A), , partner and co-head of Proskauer’s Mergers & Acquisitions Group, and senior counsel (M&A). The team also included associates , and (M&A); partner and associate (Tax); partner and associate (Employee Benefits); partner and associate (Intellectual Property); partners and , and associate (Finance); senior counsel ; and summer associates Jiyoon Kim, Ryan Murphy, Emma Lapin, Heather Monte, Celia Schlekewey, Landon Crawl and Amanda Jones.
About Proskauer’s M&A Group:
Proskauer has advised on some of the year’s most complex M&A transactions across a range of industries. Recent representations include advising long-time client Accor in connection with its exclusive negotiations with Ennismore to form the world’s leading lifestyle operator in the hospitality sector; and Grifols and its affiliate Biomat in a $1 billion investment by the Singaporean Sovereign Wealth Fund GIC.