Fenwick is representing Databricks, a data and AI company, in its pending acquisition of Arcion, a Databricks Ventures portfolio company that helps enterprises quickly and reliably replicate data across on-prem, cloud databases and data platforms.
This acquisition will enable Databricks to provide native solutions to ingest data from various databases and SaaS applications into the Databricks Lakehouse Platform. The transaction is valued at over $100 million, inclusive of incentives. More information can be obtained from the news announcement.
The Fenwick transaction team includes corporate partners Ethan Skerry, David Bell and Victoria Lupu and associates Samuel Fleuter, Zoe Zhang and Kaylee Johnson; technology transactions partners Ralph Pais and Joseph Schenck and associates Adine Mitrani and Ellis Liang; executive compensation and employee benefits partner Matt Cantor and associates Jonathan Stephenson and Cynthia Yuan; privacy and cybersecurity counsel Ana Razmazma and associate Mudsar Khan; and tax partner Mike Knobler and associate Kris Hatch. The Fenwick team for the original investment by Databricks Ventures in February 2022 included partner Michael Brown and associates Ari Haber and Grace Fernandez.