Adobe’s $1.5 Billion Acquisition Of Workfront

Goodwin Procter LLP advised Workfront, while Wachtell, Lipton, Rosen & Katz advised Adobe on the deal.

Adobe has acquired Workfront for $1.5 billion, subject to customary purchase price adjustments. The transaction, which is expected to close during the first quarter of Adobe’s 2021 fiscal year, is subject to regulatory approval and customary closing conditions. Until the transaction closes, each company will continue to operate independently.

Workfront is the leader in enterprise work management, trusted by more than 3,000 companies, one million users, and 10 out of 10 of the world’s top brands. Workfront was founded to help people, teams, and companies do their best work.

The Goodwin team was led by Joshua Klatzkin (Picture), Joseph Bernardi, Alese Bagdol, Jessica Jacobs, Elle Metzger, Ortal Ben Aharon, Luke Neveu and Brandon Cuffy and included Kelsey Lemaster, Nicole Spiteri, Jennifer Fay, Sophie Duffy, Kevin Lam, Kevin Liu, Sarah Bock, Monica Patel, Tony Guan, Richard Matheny, Jake Osborne, Charles Li, Andrea Murino and Kara Kuritz.

The Wachtell Lipton team was led by corporate partner Nicholas Demmo and included intellectual property of counsel Selwyn Goldberg and counsel David Adlerstein; antitrust partner Nelson Fitts; executive compensation and benefits partner Erica Bonnett; tax partner Eiko Stange; and litigation partner Ian Boczko and of counsel Martin Arms.

Involved fees earner: Alese Bagdol – Goodwin Procter; Ortal Ben Aharon – Goodwin Procter; Joseph Bernardi – Goodwin Procter; Sarah Bock – Goodwin Procter; Brandon Cuffy – Goodwin Procter; Sophie Duffy – Goodwin Procter; Tony Guan – Goodwin Procter; Jessica Jacobs – Goodwin Procter; Joshua Klatzkin – Goodwin Procter; Kara Kuritz – Goodwin Procter; Kevin Lam – Goodwin Procter; Kelsey Lemaster – Goodwin Procter; Ce Li – Goodwin Procter; Richard Matheny III – Goodwin Procter; Jennifer Merrigan Fay – Goodwin Procter; Elle Metzger – Goodwin Procter; Andrea Agathoklis Murino – Goodwin Procter; Luke Neveu – Goodwin Procter; Jacob Osborn – Goodwin Procter; Monica Patel – Goodwin Procter; Nicole Spiteri – Goodwin Procter; David Adlerstein – Wachtell, Lipton, Rosen & Katz; Martin J.E. Arms – Wachtell, Lipton, Rosen & Katz; Ian Boczko – Wachtell, Lipton, Rosen & Katz; Erica Bonnett – Wachtell, Lipton, Rosen & Katz; Nicholas Demmo – Wachtell, Lipton, Rosen & Katz; Nelson Fitts – Wachtell, Lipton, Rosen & Katz; Selwyn Goldberg – Wachtell, Lipton, Rosen & Katz; Eiko Stange – Wachtell, Lipton, Rosen & Katz;

Law Firms: Goodwin Procter; Wachtell, Lipton, Rosen & Katz;

Clients: Adobe; Workfront, Inc.;

Author: Ambrogio Visconti