Uber Technologies’ $2.65 Billion Acquisition Of Postmates

Latham & Watkins LLP represented Postmates in the transaction, while Kirkland served as legal counsel to GPI Capital, a stockholder of Postmates Inc.

Uber Technologies, Inc. (NYSE: UBER) and Postmates Inc. have announced that they have reached a definitive agreement under which Uber will acquire Postmates for approximately $2.65 billion in an all-stock transaction.

Uber’s mission is to create opportunity through movement. Uber is a technology platform that uses a massive network, leading technology, operational excellence and product expertise to power movement from point A to point B.

Postmates is an American company that offers local delivery of restaurant- prepared meals and other goods.

Latham & Watkins LLP represented Postmates in the transaction with a corporate deal team led by Bay Area partners Tad Freese (Picture) and Chad Rolston, with M&A associates Saad Khanani, Adam Whitaker, Daniel Harrist, Rebecca Kendall, and Rachelle Polsky, and capital markets associates Phillip Stoup, Meredith Peake, and Kaitlyn Fulcher. Advice was also provided on antitrust matters by Bay Area partner Joshua Holian, with associates Silvia Segade Sanz, Damon Porter, and Brian O’Connell; on tax matters by Bay Area partner Grace Lee, with associates Jeremiah Cowen and Abigail Friedman; on benefits and compensation matters by Bay Area partner James Metz, with associates Brianna Stellpflug and Erik Ward; on intellectual property matters by Bay Area partner Anthony Klein, with associates Arielle Singh, Adam Kaldor, and Caroline Omotayo; and on data privacy matters by Bay Area counsel Robert Blamires, with associate James Smith.

Kirkland advised GPI Capital with a team led by transactional partners Kevin Crews and Melissa Kalka and associate Ben Hardison; and tax partners David Wheat and Lane Morgan.

Involved fees earner: Kevin Crews – Kirkland & Ellis; Ben Hardison – Kirkland & Ellis; Melissa Kalka – Kirkland & Ellis; Lane Morgan – Kirkland & Ellis; David Wheat – Kirkland & Ellis; Robert Blamires – Latham & Watkins; Jeremiah Cowen – Latham & Watkins; Tad Freese – Latham & Watkins; Daniel Harrist – Latham & Watkins; Joshua Holian – Latham & Watkins; Adam Kaldor – Latham & Watkins; Rebecca Kendall – Latham & Watkins; Saad Khanani – Latham & Watkins; Anthony Klein – Latham & Watkins; Grace Lee – Latham & Watkins; James Metz – Latham & Watkins; Brian O’Connell – Latham & Watkins; Caroline Omotayo – Latham & Watkins; Meredith Peake – Latham & Watkins; Kaitlyn Fulcher – Latham & Watkins; Rachelle Polsky – Latham & Watkins; Damon Porter – Latham & Watkins; Chad Rolston – Latham & Watkins; Silvia Segade Sanz – Latham & Watkins; Arielle Singh – Latham & Watkins; James Smith – Latham & Watkins; Brianna Stellpflug – Latham & Watkins; Phillip Stoup – Latham & Watkins; Adam Whitaker – Latham & Watkins; Erik Ward – Simpson Thacher & Bartlett; Abigail Friedman – Skadden Arps Slate Meager & Flom;

Law Firms: Kirkland & Ellis; Latham & Watkins; Simpson Thacher & Bartlett; Skadden Arps Slate Meager & Flom;

Clients: GPI Capital; Postmates;

Author: Ambrogio Visconti