Ethos Capital’s Acquisition of Public Interest Registry

Morgan, Lewis & Bockius LLP and Proskauer Rose LLP are serving as legal advisors to the Internet Society and PIR, respectively. Morrison & Foerster LLP is serving as legal advisor to Ethos Capital.

The Internet Society (ISOC) and Public Interest Registry (PIR) have reached an agreement with Ethos Capital, under which Ethos Capital will acquire PIR and all of its assets from the Internet Society. The transaction is expected to close during the first quarter of next year.

Goldman Sachs & Co. LLC is serving as financial advisor to both the Internet Society and PIR. Macquarie Capital is serving as financial advisor to Ethos Capital.

Ethos Capital is a specialized investment firm that helps transform and grow established companies in today’s rapidly evolving digital economy.

PIR is a nonprofit corporation established by the Internet Society in 2002 to manage and operate the .ORG domain. Since then, .ORG has risen to become the largest purpose-driven domain used by millions of organizations and others to achieve their online goals. As an advocate for collaboration, safety, and security on the Internet, PIR’s mission is to serve as an exemplary registry and to provide a trusted digital identity.

The Proskauer team included partners Lauren Boglivi (Private Equity/Mergers & Acquisitions), Amanda Nussbaum (Tax), and Seth Safra (Benefits) and associates Grant Darwin (Corporate), Sejin Park (Tax), and James Huffman (Benefits).

The MoFo deal team was led by Boston private equity partner Todd Boudreau (Picture) with San Francisco finance partner Darío Avram and Boston private equity of counsel Kevin Madden.

Involved fees earner: Darío Avram – Morrison Foerster; Todd Boudreau – Morrison Foerster; Kevin Madden – Morrison Foerster; Lauren Boglivi – Proskauer Rose LLP; Grant Darwin – Proskauer Rose LLP; James Huffman – Proskauer Rose LLP; Amanda Nussbaum – Proskauer Rose LLP; Sejin Park – Proskauer Rose LLP; Seth Safra – Proskauer Rose LLP;

Law Firms: Morrison Foerster; Proskauer Rose LLP;

Clients: Ethos Capital; Public Interest Registry;

Author: Ambrogio Visconti