Fenwick & West represented Castlight Health, Inc. (NYSE: CSLT), a health benefits platform that engages employees to make better healthcare decisions, in its strategic acquisition of Jiff, Inc. for approximately 27 million shares Castlight of Castlight Class B Common Stock, representing approximately 20 percent of the combined company on a fully-diluted basis.
The combined entity will offer a comprehensive health benefits platform that helps employers, as well as millions of employees and their families, manage their health benefits dollars more effectively. The transaction is expected to close in the first half of 2017 following satisfaction of customary closing conditions. More information about Castlight’s strategic acquisition of Jiff can be obtained from the company press release.
The Fenwick transaction team included corporate and M&A lawyers Matthew Rossiter, Ken Myers, Kee Kim, Holly Hoch and Alex Petersen; securities lawyers Robert Freedman, Niki Fang, Julia Forbess and Elena Cloutier; executive compensation and employee benefits lawyers Shawn Lampron, Marshall Mort, Taylor Cashwell and Elizabeth Chang; technology transactions and intellectual property lawyers Chris Joslyn, Stefano Quintini (HIPAA), Jonathan Millard (privacy), Jung Yoo, Russell Wong and Hilary Cox; and tax lawyers Will Skinner and David de Ruig.