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 definitive agreement to acquire Invoice2go in a stock and cash transaction valued at approximately $625 million.
Invoice2go is a leading, mobile-first accounts receivable (AR) software provider for small businesses and freelancers. The acquisition will enhance Bill.com’s current accounts receivable offering and support Bill.com’s mission to make it simple to connect and do business. The deal is expected to close by the end of this calendar year, subject to regulatory approvals and other customary closing conditions. More information can be obtained from the company’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, acquisitions and a convertible senior notes offering.
The Fenwick transaction team was led by corporate partner Bomi Lee and included associates Chris Gorman, Meredith Evancie and Benson Tang and law clerks Jing Liu and Riddhi Adhikari; executive compensation and employee benefits partner Shawn Lampron, counsel Nicholas Frey and associate Jonathan Stephenson; technology transactions partners Jonathan Millard and Stephen Gillespie, associates Igor Voloshin, Lise Berichel, Sabrina Shyn and Barbara Wong 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 partner Dawn Belt and associates Michael Shaw and Frances Fuqua.