Marlin Equity Partners’ Acquisition of Bazaarvoice Inc.

GCA Advisors, LLC is acting as exclusive financial advisor and DLA Piper LLP (US) is serving as legal advisor to Bazaarvoice. Marlin’s legal advisor is Schulte Roth & Zabel LLP.

Bazaarvoice, Inc. (Nasdaq:BV), a provider of consumer-generated content (CGC), advertising, and personalization solutions, has entered into a definitive agreement to be acquired by entities affiliated with the global investment firm, Marlin Equity Partners.

Under the terms of the agreement, Marlin will acquire each share of outstanding common stock of Bazaarvoice in exchange for $5.50 in cash for a total value of approximately $521 million. This price represents an 18% premium to the average closing price of Bazaarvoice common stock for the 30-calendar day period ending November 24, 2017. Upon completion of the transaction, Bazaarvoice will become a privately-held company.

Bazaarvoice will maintain its headquarters in Austin, Texas. The closing of the transaction is subject to customary closing conditions, including regulatory approvals and the affirmative vote by a majority of the votes cast by the holders of Bazaarvoice common stock at a to-be-scheduled special meeting of stockholders. The transaction is expected to close in the first quarter of calendar 2018.

As a result of the announced sale of the company, Bazaarvoice will not be hosting the conference call previously scheduled for Wednesday November 29, 2017 to discuss its fiscal second quarter 2018 financial results.

The Schulte team advising Marlin Equity Partners was led by M&A and securities partner Richard Presutti (Picture) and associates Stavan Desai and Lowell Dyer. The team also included finance partner Michael Mezzacappa and employment & employee benefits partner Ian Levin.

Involved fees earner: Richard Presutti – Schulte Roth & Zabel; Stavan Desai – Schulte Roth & Zabel; Lowell Dyer – Schulte Roth & Zabel; Michael Mezzacappa – Schulte Roth & Zabel; Ian Levin – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Marlin Equity Partners;

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Author: Ambrogio Visconti