Fenwick & West LLP represented Caring, Inc., a privately held, San Mateo-based company and the owner of Caring.com, a leading senior care resource for those seeking information and support as they care for aging family members and loved ones, in its recently announced acquisition by Bankrate, Inc. (NYSE: RATE), a leading publisher, aggregator and distributor of personal finance content on the internet. Bankrate will pay $54 million in cash, which is subject to various adjustments. The Caring team will also join Bankrate.
The acquisition represents a tremendous opportunity for Bankrate to attract an audience of family caregivers in the fast-growing senior housing market. More information about Caring’s acquisition by Bankrate can be obtained from the company press release.
The Fenwick transaction team included corporate attorneys Dan Dorosin, Kris Withrow and Scott Behar; executive compensation and employee benefits attorneys Gerald Audant and Mona Clee; tax attorney Idan Netser; foreign lawyer clerk Guilherme Potenza and visiting foreign attorney Arnold Keizer.