Fenwick & West represented Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for finance and human resources, in its definitive agreement to acquire Adaptive Insights, a leading cloud-based platform for modernizing business planning, for approximately $1.55 billion including the assumption of approximately $150 million in unvested equity issued to Adaptive Insights employees. The transaction is expected to close in the third quarter of Workday's fiscal year 2019, ending October 31, 2018, subject to the satisfaction of customary closing conditions.
More information about Workday’s acquisition of Adaptive Insights can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Greg Roussel, Stephen Fisher, Chris Gorman, Jennifer Cho, Larry Suh, Amy Zhang, Jason Parkin and Jenna Hsieh; executive compensation and employee benefits lawyers Scott Spector, Nicholas Frey, Elizabeth Gartland, Liza Morgan and Ariel Gaknoki; technology transaction lawyers Stephen Gillespie, Joseph Schenck and Arjun Ravi; antitrust lawyers Mark Ostrau and Ashley Walters; tax lawyers Larissa Neumann, David de Ruig and Sean McElroy; and securities lawyers Jeff Vetter and Julia Forbess.