Fenwick Represents Smartsheet in Pending $8.4 Billion Acquisition by Blackstone and Vista Equity Partners

Fenwick is representing Smartsheet (NYSE: SMAR), the enterprise platform for modern work management, in its pending $8.4 billion acquisition by funds managed by Blackstone and Vista Equity Partners.

Smartsheet’s acquisition by Blackstone and Vista Equity Partners will allow Smartsheet to enter its next phase of growth and customer success, accelerating its vision of modernizing work management for enterprises, globally. Under the terms of the agreement, Blackstone and Vista will acquire the outstanding shares of Smartsheet stock for $56.50 per share in an all-cash transaction. The transaction is expected to close in the fourth quarter of Smartsheet’s fiscal year ending on January 31, 2025, subject to customary closing conditions, including approval by Smartsheet stockholders and satisfaction of required regulatory clearances. More information can be obtained from Smartsheet’s announcement.

Fenwick has served as outside counsel to Smartsheet since 2008, led by corporate group chair Alan Smith who has represented Smartsheet since its formation. Fenwick also represented Smartsheet in its IPO in 2018, with partner Kat Duncan, counsel Chelsea Anderson and associates Arielle Trapp, Adam Conway and Lindsey Macalalad representing Smartsheet as public company counsel.

The Fenwick transaction team included corporate partners Alan Smith, David Michaels and Ethan Skerry and associates Chris Gorman, Brendan Montgomery, Riddhi Adhikari, Christina Scully and Max Krinsky; capital markets partner Kat Duncan, counsel Chelsea Anderson and associates Adam Conway, Lindsey Macalalad and Sarah Marshall; technology transactions partner Jonathan Millard, associates Julia Arruda Rosenthal, Ellis Liang and Aaron Dunn and law clerks Rob Ferrari and Taylor Muentener; tax partner William Skinner and associate Kris Hatch; executive compensation and employee benefits partner Liz Gartland and associates Christophe Delrieu and Melita Chan; privacy and cybersecurity counsel Ana Razmazma; antitrust partner Tom Ensign and associate Susan Lee; regulatory partner Mark Ostrau; trade and national security partner Robert Slack and associate Julia Kuelzow; and government contracts and public sector procurement partner Zohra Tejani and associates Andrew Martinez and Blair Mills.