Global-e’s $500 Million Acquisition of Flow Commerce

Latham & Watkins advised Global-e on the deal.

Global-e (NASDAQ: GLBE), the world’s leading cross-border end-to-end platform for brands and retailers, signed its definitive agreement to acquire Flow Commerce Inc. (Flow), a technology based cross-border e-commerce software solution for emerging brands.

Global-e agreed to acquire Flow for an aggregate purchase price of up to approximately US$500 million (in equal portions of cash and Global-e shares), comprised of a base consideration of approximately US$425 million and up to approximately US$75 million in potential additional consideration based on certain financial results in 2021, plus approximately US$45 million in Global-e shares for certain assumed, performance-based vesting warrants for Flow shares.

Founded in 2013 by Amir Schlachet, Shahar Tamari and Nir Debbi, Global-e enables e-commerce retailers to increase the conversion of international traffic into sales by offering online shoppers in over 200 destinations worldwide a seamless, localized shopping experience. 

Founded in 2015 by Rob Keve and Mike Bryzek, Flow is based in Hoboken, NJ with a globally distributed workforce. With an easy-to-use interface and flexible technology, the solution uniquely allows merchants to use only the tools and services they need — whether it is localization, experience optimization, currency exchange, and payments, or Flow’s global infrastructure for shipping and tax and duty compliance

The Latham team was led by London corporate partner Josh Kiernan (Picture), New York securities counsel Irina Yevmenenko, and associate Gilad Zohari; advice on antitrust matters was provided by Washington, D.C. partner Ian Conner and counsel Peter Todaro; and on regulatory matters by Washington, D.C. partner Jim Barker.

Involved fees earner: James Barker – Latham & Watkins; Ian Conner – Latham & Watkins; Joshua Kiernan – Latham & Watkins; Peter Todaro – Latham & Watkins; Irina Yevmenenko – Latham & Watkins; Gilad Zohari – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Global-e Online;