Sidley is representing Avid Technology, Inc. (NASDAQ: AVID) in its all-cash US$1.4 billion acquisition by an affiliate of STG, inclusive of Avid’s net debt. Avid is a technology provider that powers the media and entertainment industry. Upon completion of the transaction, Avid will become a privately held company.
The Sidley team is being led by Beth Berg and Daniel J. Belke (M&A), and includes Jeff Wysong, André P. Rouillard, C.J. Burton, Jahanzeb Jahania, and Jessica M. Day (M&A); Murray Reeve, Edward W. Sharon, Jamie M. Sadler, and Bethany Wise (Antitrust/Competition); Matthew E. Johnson, Christian Pilhofer, and Gregory C. Matisoff (Employee Benefits and Executive Compensation); Heather M. Palmer (Environmental); Sven De Knop, James Mendenhall, Jen Fernandez, and Alessandra Moroni (Global Arbitration, Trade and Advocacy); Kristen A. Knapp (Government Contracts); Kelly Dybala, Christopher Gleason, Daniel F. Burkhart, and Kyle Gromann (Global Finance); Teresa L. Reuter, Peter McCorkell, Susan Fanning, Jordan Varberg, Alex Down, Sara E Salmonson, and Eleanor Oates (Trainee Solicitor) (Labor and Employment); Ash Nagdev and Sasha Hondagneu-Messner (Privacy and Cybersecurity); Elizabeth K. McCloy and Margaret Whalen (Real Estate); Suresh T. Advani (Tax); Russell G. Weiss, Daphne Chen, and Nayef Andrabi (Technology and Life Sciences Transactions); and Colleen M. Lauerman (White Collar: Government Litigation and Investigations).