Intuit’s $12 Billion Acquisition of Mailchimp

King & Spalding advised Mailchimp on the deal, while Latham & Watkins represented Intuit. McDermott Will & Emery represented co-founder and co-owner of Mailchimp.

Mailchimp, a world-class, global customer engagement and marketing platform, announced its $12 billion acquisition by Mountain View, CA-based Intuit Inc. (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, and Credit Karma.  The transaction is expected to close by the end of Intuit’s second quarter of fiscal 2022, subject to customary closing conditions, including regulatory approvals.

Mailchimp offers marketing and commerce platform for small businesses, brands and entrepreneurs digital marketing services, audience management tools, creative tools, marketing automation, insights and analytics as well as develops email marketing software to send marketing emails, automated messages and targeted campaigns. Mailchimp was founded in 2001 and is based in Atlanta, GA.

This transaction is the largest sale of a bootstrapped technology company ever.

The King & Spalding deal team includes Justin King (Picture), Erik Belenky, Keith Townsend, Will Jordan, Claire Alexander and Andrea Demick.

Latham & Watkins represented Intuit in the transaction with a Bay Area corporate deal team led by partner Luke Bergstrom, with associates Bret Stancil, John Bullock, Jennifer Boyd, and Amanda Dillon. Advice was also provided on securities law matters by Washington, D.C. partner Joel Trotter; tax matters by Bay Area partner Grace Lee, with associate Alex Farris; benefits and compensation matters by Los Angeles/Bay Area partner Julie Crisp, Los Angeles partner Joseph Farrell, London partner Catherine Drinnan, and Chicago counsel Sandhya Chandrasekhar, with associates Kary Payne and Joseph Benedetto; data privacy matters by London partner Fiona Maclean and Bay Area counsel Robert Blamires, with associates Samantha Maerz-Boening, Taylor Allison, William Bobseine, and Irina Vasile; intellectual property matters by Bay Area partner JD Marple and Bay Area counsel Arielle Singh, with associates Amy Dippolito, Caroline Omotayo, Andrew Huang, and Ryan Sanders; real estate matters by New York partner Michelle Kelban, with associate Thomas Ficchi; anti-corruption and sanctions matters by Washington, D.C. partners Erin Brown Jones and Eric Volkman, with associate Julie Choi Shin; antitrust matters by Washington, D.C. partners Amanda Reeves and Ian Conner, Bay Area Partner Joshua Holian, and Brussels counsel Tomas Nilsson, with associate Sophia Bertran; and on insurance matters by Los Angeles partner Drew Levin, with associate Harrison White.

The McDermott team was led by Richard Lang and Wilson Chu, with the M&A team including Joanna Lin, Diego Gomez-Cornejo, Eric Orsic, Lindsey Reighard, Matthew Chen and Elizabeth Hattrup. McDermott’s Private Client counsel included Neil Kawashima, Michael Rosen-Prinz, Arianne Plasencia, Agnieszka Kawecki and Greg Meints. Tax counsel included Dan Zucker, Patrick McCurry and Alex Farr.

Involved fees earner: Claire Alexander – King & Spalding; Erik Belenky – King & Spalding; William Jordan – King & Spalding; Justin King – King & Spalding; Keith Townsend – King & Spalding; Taylor Allison – Latham & Watkins; Joseph Benedetto – Latham & Watkins; Luke Bergstrom – Latham & Watkins; Sophia Bertran – Latham & Watkins; Robert Blamires – Latham & Watkins; Jennifer Boyd – Latham & Watkins; Erin Brown Jones – Latham & Watkins; Sandhya Chandrasekhar – Latham & Watkins; Julie Choi Shin – Latham & Watkins; Ian Conner – Latham & Watkins; Julie Crisp – Latham & Watkins; Amanda Dillon – Latham & Watkins; Amy Elizabeth Dippolito – Latham & Watkins; Catherine Drinnan – Latham & Watkins; Joseph Farrell – Latham & Watkins; Alexander Farris – Latham & Watkins; Thomas Ficchi – Latham & Watkins; Joshua Holian – Latham & Watkins; Andrew Huang – Latham & Watkins; Michelle Kelban – Latham & Watkins; Grace Lee – Latham & Watkins; Drew Levin – Latham & Watkins; Fiona Maclean – Latham & Watkins; Samantha Maerz-Boening – Latham & Watkins; JD Marple – Latham & Watkins; Tomas Nilsson – Latham & Watkins; Caroline Omotayo – Latham & Watkins; Kary Payne – Latham & Watkins; Amanda Reeves – Latham & Watkins; Ryan Sanders – Latham & Watkins; Arielle Singh – Latham & Watkins; Bret Stancil – Latham & Watkins; Joel Trotter – Latham & Watkins; Irina Vasile – Latham & Watkins; Eric Volkman – Latham & Watkins; Harrison White – Latham & Watkins; Matthew Chen – McDermott Will & Emery; Wilson Chu – McDermott Will & Emery; Alex Farr – McDermott Will & Emery; Diego Gómez-Cornejo – McDermott Will & Emery; Elizabeth Hattrup – McDermott Will & Emery; Joanna Lin – McDermott Will & Emery; Neil Kawashima – McDermott Will & Emery; Agnieszka Kawecki – McDermott Will & Emery; Richard Lang – McDermott Will & Emery; Patrick McCurry – McDermott Will & Emery; Gregory Meints – McDermott Will & Emery; Eric Orsic – McDermott Will & Emery; Arianne Plasencia – McDermott Will & Emery; Lindsey Reighard – McDermott Will & Emery; Michael Rosen – McDermott Will & Emery; Daniel Zucker – McDermott Will & Emery;

Law Firms: King & Spalding; Latham & Watkins; McDermott Will & Emery;

Clients: Intuit Inc.; Kurzius Dan; Mailchimp;

Author: Martina Bellini