Fenwick represented Silver Peak, an SD-WAN (Software-Defined Wide Area Network) leader, in its acquisition by Hewlett Packard Enterprise (NYSE: HPE) in a transaction valued at $925 million. The transaction is expected to close in the fourth quarter of HPE’s fiscal year 2020, subject to regulatory approvals and other customary closing conditions.
Silver Peak will be combined with HPE’s Aruba business unit and will help extend Aruba’s technology leadership in the large and fast-growing SD-WAN space. More information can be obtained from HPE’s announcement.
Fenwick has served as corporate counsel to Silver Peak since 2006, including over multiple rounds of financing. The Fenwick transaction team included corporate partners Kris Withrow and Dawn Belt and associates Victoria Lupu, Sean Ahn, Joanna Xu and Sloka Tankala; executive compensation & employee benefits partner Nancy Chen and associate Jonathan Stephenson; intellectual property and technology transactions partner Ralph Pais, counsel Charles Cathey, senior attorney Brian Brannon, associates Joseph Schenck, Alan Xiang and Pinar Bailey, and foreign attorney Andrew Martinez; antitrust & trade regulation partner Mark Ostrau and counsel Ashley Walter; privacy & cybersecurity partner James Koenig, of counsel Hanley Chew and director Brent Hoard; and tax partner Idan Netser and associate Einav Axler.