May 1, 2008 (Mountain View, CA) – Fenwick & West LLP represented Covad Communications Group, Inc. (AMEX: DVW) in its acquisition by Platinum Equity, LLC. Under the terms of the agreement, an affiliate of Platinum Equity has acquired Covad for $1.02 per share in an all-cash transaction. The transaction was initially announced on October 28, 2007 and closed on April 15, 2008. Covad, based in San Jose, CA, is a leading nationwide provider of integrated voice and data communications. Platinum Equity, based in Beverly Hills, CA, is a firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets.
The Fenwick & West transaction team included corporate attorneys Dan Winnike, Lynda Twomey, Paul Dutton, Coleman Cannon, Guy Ladetzky, Evan Johnson, Ruomu Li, Hank Dempsey and Angel Orrantia; executive compensation and employee benefits attorneys Scott Spector and Tahir Naim; technology transactions attorneys Ralph Pais, Morgan Fong, Chad Woodford, Robin Schulman, Stefano Quintini, Spencer Glende, Lance Stern and Rob Dowers; tax attorney Tim Fitzgibbon; and antitrust attorney Mark Ostrau.
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Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm is ranked by MergerMarket as one of the top 5 technology M&A practices in the U.S. and by Corporate Board Member as one of the top 5 corporate law firms in northern California for publicly traded companies.