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Fenwick Represents Cloudera in $5.2 Billion Merger of Equals with Hortonworks

October 03, 2018

​​Fenwick & West represented Cloudera, Inc. (NYSE: CLDR), a leading platform provider for machine learning and analytics optimized for the cloud, in an all-stock merger of equals with Hortonworks, Inc. (Nasdaq: HDP), a leading provider of enterprise-grade, global data management platforms, services and solutions that deliver actionable intelligence from any type of data for over half of the Fortune 100 companies. Under the terms of the transaction agreement, Cloudera stockholders will own approximately 60% of the equity of the combined company and Hortonworks stockholders will own approximately 40%. The companies have a combined fully-diluted equity value of $5.2 billion based on closing prices on October 2, 2018.

Cloudera’s merger with Hortonworks will create the world’s leading next generation data platform provider, spanning multi-cloud, on-premises and the Edge. The merger will establish the industry standard for hybrid cloud data management, accelerating customer adoption, community development and partner engagement. More information about Cloudera’s $5.2 billion merger with Hortonworks can be obtained from the companies’ joint announcement.

The Fenwick transaction team included corporate lawyers Dave Bell, David Michaels, Scott Behar, Kate Dodson, Niki Fang, Jennifer Hitchcock, Khiree Smith, Kyle Canchola and Derrick Chapman; technology transactions lawyers Jonathan Millard, Chris Joslyn, Michael Riskin, Russell Wong, Arjun Ravi, Ed Heffernan, Shitel Chanana and Floris de Wit; executive compensation and employee benefits lawyers Scott Spector, Marshall Mort, Kristin O’Hanlon and Sarah Ghulamhussain; antitrust lawyer Mark Ostrau; and tax lawyers Will Skinner, Ora Grinberg and Sergio Torres.​​