The Firm is representing Sterling Partners in the announced acquisition of eBay Enterprise from eBay Inc. (NASDAQ: EBAY). A consortium, consisting of Sterling Partners, Longview Asset Management, and Innotrac Corporation, a Sterling Partners portfolio company, together in partnership with affiliates of Permira, have entered into a definitive agreement to acquire eBay Enterprise for $925 million. The transaction is expected to close in the second half of 2015, subject to certain regulatory approvals and customary closing conditions.
eBay Enterprise is a leading global provider of retail-optimized commerce solutions, including the Magento platform, order management, fulfillment, customer care, and marketing solutions.
The Simpson Thacher team includes Gary Horowitz, Atif Azher, Justin Yi, Cara Angelmar, Fred de Albuquerque, Jake Mayers and Colin Lloyd (M&A); James Cross (Credit); Tristan Brown, David Mollo-Christensen and Samantha Steinfeld (Executive Compensation and Employee Benefits); Peter Thomas and David Shogren (Competition); Alexis Coll-Very and Caitlyn Chacon (Regulatory); Marcela Robledo and Jasmine Kaufman (Intellectual Property); Michael Isby (Environmental). Summer associates David Acquay, Clint Eastman, Brian Jones, Steven McLellan, Sherry Shen, Brent Stewart and Muran Zhu provided valuable assistance.