Fenwick & West LLP represented Concur Technologies, Inc. (NASDAQ: CNQR) in its recently announced acquisition of H-G Holdings, Inc. and its subsidiaries, including Gelco Information Network, Inc., the owner of Gelco Expense Management. Gelco, based in Eden Prairie, MN, is a full-service provider of global expense management and reimbursement solutions processing over 100,000 transactions and making payments of $20 million per day. Concur will pay $160 million in cash for all the outstanding equity securities of H-G Holdings, subject to certain adjustments. The transaction is subject to customary closing conditions and regulatory approvals.
More information about the transaction can be obtained from the Concur Web site.
The Fenwick & West transaction team included corporate attorneys David Bell, Rob Freedman, Brian Hicks, Michael Hopp, Ryan Hayes, Shulamite Shen White and Aaron Hou; executive compensation and employee benefits attorneys Blake Martell, Mona Clee and Tahir Naim; technology transactions attorneys Chris Joslyn,ChristaGaines, Pierre Keeley, Stefano Quintini, Lance Stern, Chad Woodford, Darren Hutchins, Spencer Glende and Rochelle Levy Karr; patent attorney Mike Farn; antitrust attorney Mark Ostrau; litigation attorney Ilana Rubel; and tax attorneys Bart Bassett and Neal Gordon.
Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm is ranked by MergerMarket as one of the top 5 technology M&A practices in the U.S. and by Corporate Board Member as one of the top 5 corporate law firms in northern California for publicly traded companies.