Simpson Thacher Represents JPMorgan as Financial Advisor to Web.com in Its Announced Merger With Affiliate of Siris Capital
06.25.18
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Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to Web.com Group, Inc. (NASDAQ: WEB) in connection with its announced merger with an affiliate of Siris Capital Group, LLC (“Siris Capital”), pursuant to which such affiliate of Siris Capital will acquire all of the outstanding shares of Web.com’s common stock at $25 per share in cash. The transaction is expected to close in the fourth quarter of 2018, subject to regulatory approvals and customary closing conditions.
Web.com provides a full range of Internet services to small businesses to help them compete and succeed online. Web.com meets the needs of small businesses anywhere along their lifecycle with affordable, subscription-based solutions including domains, hosting, website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and eCommerce solutions. Headquartered in Jacksonville, Florida, Web.com serves approximately 3.4 million customers.
The Simpson Thacher team includes Caroline Gottschalk and Erika Tang (M&A). Summer Associate Jule Walsh also provided valuable assistance.