Fenwick represented Zerto, an industry leader in cloud data management and protection, in a definitive agreement to be acquired by Hewlett Packard Enterprise (NYSE: HPE). The transaction is valued at $374 million.
The transaction is expected to occur in the fourth quarter of HPE’s fiscal year 2021, subject to regulatory approvals and other customary closing conditions. More information can be obtained from Zerto's announcement.
The Fenwick transaction team included corporate partners David Michaels, Cynthia Hess, Doug Cogen and Ran Ben-Tzur; technology transactions partner Ralph Pais and associates Peter Hart, Mona Fang and Ali Kongats; executive compensation and employee benefits partner Shawn Lampron and associates Liza Morgan and Jonathan Stephenson; and tax partner Larissa Neumann.