Workday’s $700 Million Acquisition Of Peakon

Wilson Sonsini Goodrich & Rosati advised Peakon on the deal. Bech-Bruun and Orrick assisted Workday Inc.

Pleasanton, California-based Workday, Inc., a leading provider of enterprise cloud applications for finance and human resources, and Peakon ApS signed a definitive agreement under which Workday will acquire Peakon in an all-cash transaction.

Pleasanton, California-based Workday, Inc., a leading provider of enterprise cloud applications for finance and human resources, and Peakon ApS signed a definitive agreement under which Workday will acquire Peakon in an all-cash transaction.

Under the terms of the agreement, Workday will acquire Peakon for approximately $700 million in cash, subject to adjustments. The transaction is expected to close in the first quarter of Workday’s fiscal year 2022, subject to the satisfaction of customary closing conditions.

The Wilson Sonsini team advising Peakon in the transaction included Mark Holloway (Picture), Daniel Glazer, Michael Labriola, Carly Bernstein, John Lynch, Diviya Padman, Anthony Malone, Derek Wallace, Beau Buffier, Christopher Williams, Schweta Batohi, Lore Leitner and Carol Evrard.

The Bech-Bruun’s team was headed by Claus Aagaard Nielsen, Morten Bruun-Larsen and Mathias Henriksen.

The Orrick team was led by Matthew Gemello and Ramy Shweiky together with Sara Gates, Jamie Kamen, Juliano Banuelos, Shannon Yavorsky, Tori Downey, Ian Shaw, William F. Wilson, Taylor Ball, Mandy Perry, Elizabeth Monro-Davies, Matthew E.S. Coleman, Diana Gillis, Julius Schradin, Michael Wiesner, Eric Wall, Douglas Lahnborg, Jose Lamarque, James Connor, Stephen Wallace, Hendrik Völkerding, Maria Sergeyeva, Saira Henry, Jayshree Patel, Allen Babajanian, Craig Johnston, Lars Mesenbrink, Nicola Whiteley, Jonathan Rosen, James Tierney, Jonelle Afonso, Jennifer Morrill, Christina Lorenz, André Zimmermann, Marianna Karapetyan, Lara Nonninger, Glynna Christian, Jeanine P. McGuinness, Boris Marschall, Bridget Winters, Charlotte Oliver, Kimberly M. Loocke, Inga Maaske, Louisa Kallhoff, Robert Weinhold, Faraaz Samadi, Kristin Cornuelle, Rachel Conder, Emily Flanigan, Joshua Ballin-Goldsmith, Christine Zgombic, Emily Luken, Stefan Schultes-Schnitzlein, Christoph Brenner, Alexandra Beezy, Deborah Ann Abernathy, Simon Folley and Matthew Rose.

Involved fees earner: Morten Bruun-Larsen – Bech-Bruun; Mathias Henriksen – Bech-Bruun; Claus Aagaard Nielsen – Bech-Bruun; Jonelle Afonso – Orrick; Allen Babajanian – Orrick; Taylor Ball – Orrick; Juliano Banuelos – Orrick; Christoph Brenner – Orrick; Glynna Christian – Orrick; Matthew Coleman – Orrick; James Connor – Orrick; Kristin Cornuelle – Orrick; Tori Downey – Orrick; Simon Folley – Orrick; Sara Gates – Orrick; Matthew Gemello – Orrick; Diana Gillis – Orrick; Saira Henry – Orrick; Craig Johnston – Orrick; Louisa Kallhoff – Orrick; Jamie Kamen – Orrick; Marianna Karapetyan – Orrick; Douglas Lahnborg – Orrick; Jose Lamarque – Orrick; Kimberly Loocke – Orrick; Christina Lorenz – Orrick; Emily Luken – Orrick; Inga Maaske – Orrick; Boris Marschall – Orrick; Jeanine McGuinness – Orrick; Lars Mesenbrink – Orrick; Elizabeth Monro-Davies – Orrick; Jennifer Morrill – Orrick; Lara Nonninger – Orrick; Charlotte Oliver – Orrick; Jayshree Patel – Orrick; Mandy Perry – Orrick; Matthew Rose – Orrick; Jonathan Rosen – Orrick; Faraaz Samadi – Orrick; Julius Schradin – Orrick; Stefan Schultes-Schnitzlein – Orrick; Maria Sergeyeva – Orrick; Ian Shaw – Orrick; Ramy Shweiky – Orrick; James Tierney – Orrick; Hendrik Völkerding – Orrick; Eric Wall – Orrick; Stephen Wallace – Orrick; Robert Weinhold – Orrick; Nicola Whiteley – Orrick; Michael Wiesner – Orrick; William Wilson – Orrick; Bridget Winters – Orrick; Shannon Yavorsky – Orrick; André Zimmermann – Orrick; Schweta Batohi – Wilson Sonsini Goodrich & Rosati; Carly Bernstein – Wilson Sonsini Goodrich & Rosati; Beau Buffier – Wilson Sonsini Goodrich & Rosati; Diviya Padman – Wilson Sonsini Goodrich & Rosati; Carol Evrard – Wilson Sonsini Goodrich & Rosati; Daniel Glazer – Wilson Sonsini Goodrich & Rosati; Mark Holloway – Wilson Sonsini Goodrich & Rosati; Michael Labriola – Wilson Sonsini Goodrich & Rosati; Lore Leitner – Wilson Sonsini Goodrich & Rosati; John Lynch – Wilson Sonsini Goodrich & Rosati; Derek Wallace – Wilson Sonsini Goodrich & Rosati; Christopher Williams – Wilson Sonsini Goodrich & Rosati;

Law Firms: Bech-Bruun; Orrick; Wilson Sonsini Goodrich & Rosati;

Clients: Peakon ApS; Workday, Inc.;

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Author: Ambrogio Visconti