Sidley is representing Ivanti, Inc. in its proposed acquisition of MobileIron Inc. (NASDAQ: MOBL), a provider of mobile-centric unified endpoint management solutions. Ivanti, a portfolio company of Clearlake Capital Group and TA Associates (pending regulatory approval), is a leading provider of enterprise-grade intelligent IT management and security software solutions.
Under the terms of the transaction, Ivanti will acquire all outstanding shares of MobileIron common stock for US$7.05 per share in cash, representing a total consideration of approximately US$872 million. The closing of the transaction is subject to approval by MobileIron stockholders and the satisfaction of regulatory and customary closing conditions.
The Sidley deal team is led by Mehdi Khodadad, Nicolai Schwarz-Gondek, and Payom Pirahesh (M&A and Private Equity), and includes Jim Warczak and David Azcarraga (M&A and Private Equity); Eric Kauffman (Employment); Rachel Kleinberg (Tax); Stacy Crosnicker (Employee Benefits and Executive Compensation); Ken Daly, Karen Kazmerzak, Elizabeth Chen, and Jakob Dewispelaere (Antitrust/Competition); Mike Bettinger and Andrew Langford (IP Litigation); and Sven De Knop and Bregt Natens (International Trade).