Willkie Farr & Gallagher LLP
09/11/2024 | News release | Distributed by Public on 09/11/2024 13:53
Willkie Advises Insight Partners on Sale of Stake in Own Company to Salesforce
Willkie Advises Insight Partners on Sale of Stake in Own Company to Salesforce
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September 11, 2024
Willkie represented Insight Partners in connection with the sale of its portfolio company Own Company (formerly known as OwnBackup), a leading provider of data protection and data management, to Salesforce.
On September 5, Salesforce announced it that it signed a definitive agreement to acquire Own for approximately $1.9 billion in cash, net of the value of the approximately 10% of outstanding shares currently owned by Salesforce.
Willkie previously represented Insight Partners in its investments in Own, including its initial participation in the Series B financing round for Own and subsequent financing rounds.
The Willkie team was led by partner Matthew Guercio and counsel Jeffrey Daniel.
On September 5, Salesforce announced it that it signed a definitive agreement to acquire Own for approximately $1.9 billion in cash, net of the value of the approximately 10% of outstanding shares currently owned by Salesforce.
Willkie previously represented Insight Partners in its investments in Own, including its initial participation in the Series B financing round for Own and subsequent financing rounds.
The Willkie team was led by partner Matthew Guercio and counsel Jeffrey Daniel.