On December 13, 2020, Pluralsight, Inc., a technology workforce development company, announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners in an all-cash transaction valued at approximately $3.5 billion. Wilson Sonsini is advising Pluralsight on the transaction.
Under the terms of the agreement, Vista Equity Partners, a global investment firm focused on enterprise software, in its partnership with its institutional co-investors, will acquire all outstanding shares of Pluralsight common stock for $20.26 per share. The agreement was unanimously approved and recommended by an independent Transaction Committee and then unanimously approved by the Pluralsight board of directors. The transaction is expected to close in the first half of 2021, subject to customary closing conditions.
This transaction is the continuation of a deep relationship between Pluralsight and Wilson Sonsini that stretches over many years. In that time, Wilson Sonsini has assisted Pluralsight with its initial public offering, multiple follow-on offerings, a convertible debt issuance, and numerous acquisitions.
The Wilson Sonsini team advising Pluralsight includes the following attorneys:
Corporate/M&A
Rezwan Pavri, Partner
Marty Korman, Partner
Doug Schnell, Partner
Adam Bloom, Partner
Richard Blake, Partner
Remi Korenblit, Associate
Annie Kim, Associate
Tax
Jonathan Zhu, Partner
Derek Wallace, Partner-Elect
Employee Benefits & Compensation
David Thomas, Partner
Michael Klippert, Associate
Regulatory
Seth Cowell, Associate
Anne Seymour, Counsel
Michael O’Brien, Associate
Antitrust
Todd Hahn, Senior Counsel
Robin Crauthers, Associate
Real Estate/Environmental
James McCann, Partner
Martin Sul, Senior Counsel
Technology Transactions
Adam Shevell, Partner
Scott McKinney, Associate
Sarah delos Santos, Associate
Ben Hawkins, Law Clerk
Barclay Oudersluys, Associate
Privacy
Matt Staples, Partner
Daniel Chen, Associate
Delaware Law
Ryan Greecher, Partner
Adrian Broderick, Partner-Elect
Employment Law
Jason Storck, Partner
Joseph Horne, Associate
Corporate Finance
Erik Franks, Partner