Fenwick & West represented Linden Research in the transaction.
Linden Research, Inc. signed an agreement to be acquired by an investment group led by Randy Waterfield and Brad Oberwager. Closing of the acquisition is subject to regulatory approval by financial regulators in the U.S. related to Tilia Inc.’s status as a licensed money transmitter as well as other customary closing conditions. Upon closing, Mr. Waterfield and Mr. Oberwager will join the Board of Directors of Linden Research, Inc.
Linden Research, Inc. dba Linden Lab develops platforms that empower people to create, share, and benefit from virtual experiences. Founded in 1999, the company first launched Second Life, the groundbreaking virtual world enjoyed by millions around the globe, in 2003, which has since gone on to boast nearly two billion user creations and a vibrant $500 million (USD) economy.
The Fenwick transaction team representing Linden Research included corporate partners Samuel Angus (Picture) and Ken Myers and associates Trevor Lynch, Myles Gutenkunst and Johnny Meraz-Debraine; debt partner David Michaels; intellectual property partner Jonathan Millard and associates Joseph Schenck, Ana Razmazma and Lise Berichel; executive compensation & employee benefits partner Nancy Chen and associate Jonathan Stephenson; and tax partner William Skinner and associate Kris Hatch.
Involved fees earner: Samuel Angus – Fenwick & West LLP; Lise Berichel – Fenwick & West LLP; Nancy Chen – Fenwick & West LLP; Myles Gutenkunst – Fenwick & West LLP; Kris Hatch – Fenwick & West LLP; Trevor Lynch – Fenwick & West LLP; David Michaels – Fenwick & West LLP; Jonathan Millard – Fenwick & West LLP; Ken Myers – Fenwick & West LLP; Ana Razmazma – Fenwick & West LLP; Joseph Schenck – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Jonathan Stephenson – Fenwick & West LLP; Jean Meraz-Debraine – Latham & Watkins;
Clients: Linden Research;