Fenwick represented Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses, in its acquisition of Divvy, a leader in spend management. The acquisition was completed on June 1 in a stock and cash transaction valued at approximately $2.5 billion.
The acquisition extends Bill.com’s platform with leading spend management capabilities and creates a one-stop-shop solution for small and midsize businesses to automate financial operations. More information can be obtained from Bill.com’s announcement.
Fenwick has served as primary outside counsel to Bill.com since 2006 and has represented the company through its initial public offering, multiple financing rounds, a follow-on offering, and a convertible senior notes offering.
The Fenwick transaction team was led by corporate partner Bomi Lee and included associates Chris Gorman, Michael Shaw, Sam Fleuter, Atrina Mehdipour and Alyssa Zhang; executive compensation and employee benefits partner Shawn Lampron, counsel Nicholas Frey and associate Jonathan Stephenson; technology transactions partner Jonathan Millard, counsel Ryan Straus, associates Russell Wong, Igor Voloshin and Julia Chung, and advisor Sandra Weustink; antitrust and trade regulation partner Mark Ostrau; privacy and cybersecurity counsel Helen Christakos and associate Ana Razmazma; and tax partner Will Skinner and associate Ariel Love. The capital markets team included corporate partners Dawn Belt and Jamie Evans and associates Michael Shaw and Alyssa Zhang.