Twilio’s Partnership with and Investment in Syniverse

Debevoise & Plimpton advised The Carlyle Group, as majority owner of Syniverse, while Kirkland & Ellis LLP and DLA Piper LLP advised Twilio on the deal.

Twilio Inc. (NYSE:TWLO), the leading cloud communications platform, entered into a partnership with Syniverse Corporation, the world’s most connected company.

Twilio will also invest up to $750 million cash in Syniverse, following which Twilio will become a significant minority owner of Syniverse, while The Carlyle Group, Syniverse’s current owner, will maintain a majority interest in the company. The partnership between Twilio and Syniverse will accelerate the next wave of innovation in mobile communications and drive long-term growth. The transaction is expected to close before the end of 2021.

Moelis & Company LLC served as financial advisor to Syniverse and The Carlyle Group. Centerview Partners LLC served as financial advisor to Twilio.

Syniverse is the world’s most connected company, revolutionizing how businesses connect, engage, and exchange with their customers. For decades, Syniverse has delivered innovative software and services that transform mobile experiences and power the planet. 

Millions of developers around the world have used Twilio to unlock the magic of communications to improve any human experience. Twilio has democratized communications channels like voice, text, chat, video, and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications. 

The Kirkland team was led by New York-based corporate partners Ed Lee (Picture) and Carlo Zenkner and Bay Area-based corporate partners Adam Phillips and Jonathan Manor, as well as debt financing partners Chris Kirkham and Samantha Good. The team also included corporate associates Julia Chong, Patty Liu and Shiyi Fan, capital markets partner Pippa Bond, debt financing associate Jessica Tjang, tax partners Sara Zablotney and Scott Fryman and associate Liz Allison, intellectual property partner Vladimir Khodosh and associates Seth Pritchard and Stephanie Anne Lucas, antitrust partners Ian John, Jacob Boyars and Paula Riedel and associate Arjun Chandran, M&A clearance specialists Kurt Wunderlich and Ian Bohn, executive compensation partner Rohit Nafday and associate Karsten Busby, employee benefits partner Matt Antinossi and associate Theodore Brown, and labor & employment partner R.D. Kohut and associates Alexander Flynn-Tabloff and Anusheh Khoshsima. 

The Debevoise team was led by M&A partners Jonathan Levitsky and Christopher Anthony and included counsel Philipp von Holst and Molly Stockley and associates Erik Andren, Fengjian Ao, Benjamin Collins-Wood, Christina Heil, Thomas Heiser and Ross Liemer, finance partner Jeffrey Ross and associate Wesley Moore, benefits partner Jonathan Lewis and associate Wendy Widman, tax partner Peter Furci and associate Robert Nelson-Sullivan Jr., capital markets partner Matthew Kaplan, counsel Joshua Samit and associates Jason LeBlanc and Carly Hill, intellectual property partner Henry Lebowitz and associates Tigist Kassahun and Emily Mackay and antitrust partners Timothy McIver and Michael Schaper, counsel Kyra Bromley and associate Megan MacDonald.

Involved fees earner: Erik Andrén – Debevoise & Plimpton; Christopher Anthony – Debevoise & Plimpton; Fengjian Ao – Debevoise & Plimpton; Kyra Bromley – Debevoise & Plimpton; Benjamin Collins-Wood – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Christina Heil – Debevoise & Plimpton; Thomas Heiser – Debevoise & Plimpton; Carly Hill – Debevoise & Plimpton; Matthew Kaplan – Debevoise & Plimpton; Tigist Kassahun – Debevoise & Plimpton; Jason Alexander LeBlanc – Debevoise & Plimpton; Henry Lebowitz – Debevoise & Plimpton; Jonathan Levitsky – Debevoise & Plimpton; Jonathan Lewis – Debevoise & Plimpton; Ross Liemer – Debevoise & Plimpton; Megan MacDonald – Debevoise & Plimpton; Emily Mackay – Debevoise & Plimpton; Timothy McIver – Debevoise & Plimpton; Wesley Moore – Debevoise & Plimpton; Robert Nelson-Sullivan – Debevoise & Plimpton; Jeffrey Ross – Debevoise & Plimpton; Joshua Samit – Debevoise & Plimpton; Michael Schaper – Debevoise & Plimpton; Molly Stockley – Debevoise & Plimpton; Philipp von Holst – Debevoise & Plimpton; Wendy Widman – Debevoise & Plimpton; Liz Allison – Kirkland & Ellis; Matt Antinossi – Kirkland & Ellis; Philippa Bond – Kirkland & Ellis; Jacob Boyars – Kirkland & Ellis; Theodore Brown – Kirkland & Ellis; Karsten Busby – Kirkland & Ellis; Arjun Chandran – Kirkland & Ellis; Julia Chong – Kirkland & Ellis; Shiyi Fan – Kirkland & Ellis; Alexander Flynn-Tabloff – Kirkland & Ellis; Scott Fryman – Kirkland & Ellis; Samantha Good – Kirkland & Ellis; Ian John – Kirkland & Ellis; Vladimir Khodosh – Kirkland & Ellis; Anusheh Khoshsima – Kirkland & Ellis; Christopher Kirkham – Kirkland & Ellis; R.D. Kohut – Kirkland & Ellis; Edward Lee – Kirkland & Ellis; Patty Liu – Kirkland & Ellis; Stephanie Anne Lucas – Kirkland & Ellis; Jonathan Manor – Kirkland & Ellis; Rohit Nafday – Kirkland & Ellis; Adam Phillips – Kirkland & Ellis; Seth Pritchard – Kirkland & Ellis; Paula Riedel – Kirkland & Ellis; Jessica Tjang – Kirkland & Ellis; Sara Zablotney – Kirkland & Ellis; Carlo Zenkner – Kirkland & Ellis;

Law Firms: Debevoise & Plimpton; Kirkland & Ellis;

Clients: The Carlyle Group; Twilio, Inc.;

Martina Bellini

Author: Martina Bellini

Twilio’s Partnership with and Investment in Syniverse

Debevoise & Plimpton advised The Carlyle Group, as majority owner of Syniverse, while Kirkland & Ellis LLP and DLA Piper LLP advised Twilio on the deal.

Twilio Inc. (NYSE:TWLO), the leading cloud communications platform, entered into a partnership with Syniverse Corporation, the world’s most connected company.

Twilio will also invest up to $750 million cash in Syniverse, following which Twilio will become a significant minority owner of Syniverse, while The Carlyle Group, Syniverse’s current owner, will maintain a majority interest in the company. The partnership between Twilio and Syniverse will accelerate the next wave of innovation in mobile communications and drive long-term growth. The transaction is expected to close before the end of 2021.

Moelis & Company LLC served as financial advisor to Syniverse and The Carlyle Group. Centerview Partners LLC served as financial advisor to Twilio.

Syniverse is the world’s most connected company, revolutionizing how businesses connect, engage, and exchange with their customers. For decades, Syniverse has delivered innovative software and services that transform mobile experiences and power the planet. 

Millions of developers around the world have used Twilio to unlock the magic of communications to improve any human experience. Twilio has democratized communications channels like voice, text, chat, video, and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications. 

The Kirkland team was led by New York-based corporate partners Ed Lee (Picture) and Carlo Zenkner and Bay Area-based corporate partners Adam Phillips and Jonathan Manor, as well as debt financing partners Chris Kirkham and Samantha Good. The team also included corporate associates Julia Chong, Patty Liu and Shiyi Fan, capital markets partner Pippa Bond, debt financing associate Jessica Tjang, tax partners Sara Zablotney and Scott Fryman and associate Liz Allison, intellectual property partner Vladimir Khodosh and associates Seth Pritchard and Stephanie Anne Lucas, antitrust partners Ian John, Jacob Boyars and Paula Riedel and associate Arjun Chandran, M&A clearance specialists Kurt Wunderlich and Ian Bohn, executive compensation partner Rohit Nafday and associate Karsten Busby, employee benefits partner Matt Antinossi and associate Theodore Brown, and labor & employment partner R.D. Kohut and associates Alexander Flynn-Tabloff and Anusheh Khoshsima. 

The Debevoise team was led by M&A partners Jonathan Levitsky and Christopher Anthony and included counsel Philipp von Holst and Molly Stockley and associates Erik Andren, Fengjian Ao, Benjamin Collins-Wood, Christina Heil, Thomas Heiser and Ross Liemer, finance partner Jeffrey Ross and associate Wesley Moore, benefits partner Jonathan Lewis and associate Wendy Widman, tax partner Peter Furci and associate Robert Nelson-Sullivan Jr., capital markets partner Matthew Kaplan, counsel Joshua Samit and associates Jason LeBlanc and Carly Hill, intellectual property partner Henry Lebowitz and associates Tigist Kassahun and Emily Mackay and antitrust partners Timothy McIver and Michael Schaper, counsel Kyra Bromley and associate Megan MacDonald.

Involved fees earner: Erik Andrén – Debevoise & Plimpton; Christopher Anthony – Debevoise & Plimpton; Fengjian Ao – Debevoise & Plimpton; Kyra Bromley – Debevoise & Plimpton; Benjamin Collins-Wood – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Christina Heil – Debevoise & Plimpton; Thomas Heiser – Debevoise & Plimpton; Carly Hill – Debevoise & Plimpton; Matthew Kaplan – Debevoise & Plimpton; Tigist Kassahun – Debevoise & Plimpton; Jason Alexander LeBlanc – Debevoise & Plimpton; Henry Lebowitz – Debevoise & Plimpton; Jonathan Levitsky – Debevoise & Plimpton; Jonathan Lewis – Debevoise & Plimpton; Ross Liemer – Debevoise & Plimpton; Megan MacDonald – Debevoise & Plimpton; Emily Mackay – Debevoise & Plimpton; Timothy McIver – Debevoise & Plimpton; Wesley Moore – Debevoise & Plimpton; Robert Nelson-Sullivan – Debevoise & Plimpton; Jeffrey Ross – Debevoise & Plimpton; Joshua Samit – Debevoise & Plimpton; Michael Schaper – Debevoise & Plimpton; Molly Stockley – Debevoise & Plimpton; Philipp von Holst – Debevoise & Plimpton; Wendy Widman – Debevoise & Plimpton; Liz Allison – Kirkland & Ellis; Matt Antinossi – Kirkland & Ellis; Philippa Bond – Kirkland & Ellis; Jacob Boyars – Kirkland & Ellis; Theodore Brown – Kirkland & Ellis; Karsten Busby – Kirkland & Ellis; Arjun Chandran – Kirkland & Ellis; Julia Chong – Kirkland & Ellis; Shiyi Fan – Kirkland & Ellis; Alexander Flynn-Tabloff – Kirkland & Ellis; Scott Fryman – Kirkland & Ellis; Samantha Good – Kirkland & Ellis; Ian John – Kirkland & Ellis; Vladimir Khodosh – Kirkland & Ellis; Anusheh Khoshsima – Kirkland & Ellis; Christopher Kirkham – Kirkland & Ellis; R.D. Kohut – Kirkland & Ellis; Edward Lee – Kirkland & Ellis; Patty Liu – Kirkland & Ellis; Stephanie Anne Lucas – Kirkland & Ellis; Jonathan Manor – Kirkland & Ellis; Rohit Nafday – Kirkland & Ellis; Adam Phillips – Kirkland & Ellis; Seth Pritchard – Kirkland & Ellis; Paula Riedel – Kirkland & Ellis; Jessica Tjang – Kirkland & Ellis; Sara Zablotney – Kirkland & Ellis; Carlo Zenkner – Kirkland & Ellis;

Law Firms: Debevoise & Plimpton; Kirkland & Ellis;

Clients: The Carlyle Group; Twilio, Inc.;

Martina Bellini

Author: Martina Bellini