Cisco’s $2.6 Billion Acquisition of Acacia Communications

Fenwick & West represented Cisco Systems, Inc. in the transaction.

Acacia Communications is an existing Cisco supplier, which designs and manufactures high-speed, optical interconnect technologies that allow webscale companies, service providers, and data center operators to meet the fast-growing consumer demands for data.

Under the terms of the agreement, Cisco has agreed to acquire Acacia for $70.00 per share in cash, or for approximately $2.6 billion on a fully diluted basis, net of cash and marketable securities.

As Cisco and Acacia come together, Cisco plans to support Acacia’s existing customers and new customers that want industry-leading coherent optics, digital signal processing / photonic integrated circuit modules, and transceivers for use in networking products and data centers.

Upon completion of this transaction, Acacia employees will join Cisco’s Optical Systems and Optics business within the networking and security business under David Goeckeler.

The acquisition is expected to close in the second half of Cisco’s fiscal year 2020, subject to customary closing conditions and required regulatory approvals.

The Fenwick transaction team included corporate partners Douglas Cogen (Picture) and Ken Myers and associates Stephen Fisher, Maureen Montgomery, Shweta Kumar, Hans Andersson and Adar Carver; executive compensation and benefits partners Gerald Audant and Nancy Chen and associates Corinne Nhaissi and Ariel Gaknoki; intellectual property and technology transactions partners Stephen Gillespie and Stuart Meyer, counsel Chris Joslyn and associates Julia Arruda, Shizuka Tiernan, Pinar Bailey and John Kind, and foreign attorney Karen vom Hagen; antitrust partner Mark Ostrau; and tax partner Adam Halpern and associate Ora Grinberg.

Involved fees earner: Hans Andersson – Fenwick & West LLP; Julia Arruda – Fenwick & West LLP; Gerald Audant – Fenwick & West LLP; Pinar Bailey – Fenwick & West LLP; Adar Carver – Fenwick & West LLP; Nancy Chen – Fenwick & West LLP; Douglas Cogen – Fenwick & West LLP; Stephen Fisher – Fenwick & West LLP; Ariel Gaknoki – Fenwick & West LLP; Stephen Gillespie – Fenwick & West LLP; Ora Grinberg – Fenwick & West LLP; Adam Halpern – Fenwick & West LLP; Chris Joslyn – Fenwick & West LLP; John Kind – Fenwick & West LLP; Shweta Kumar – Fenwick & West LLP; Stuart Meyer – Fenwick & West LLP; Maureen Montgomery – Fenwick & West LLP; Ken Myers – Fenwick & West LLP; Corinne Nhaissi – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; Shizuka Tiernan – Fenwick & West LLP; Karen Graefin vom Hagen – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Cisco Systems, Inc.;