On March 28, 2022, HP Inc. announced a definitive agreement to acquire Poly, a leading global provider of workplace collaboration solutions, in an all-cash transaction for $40 per share, implying a total enterprise value of $3.3 billion, inclusive of Poly’s net debt. Wilson Sonsini Goodrich & Rosati is representing Poly in the transaction.
The acquisition accelerates HP’s strategy to create a more growth-oriented portfolio, further strengthens its industry opportunity in hybrid work solutions, and positions the company for long-term, sustainable growth and value creation. Poly will help drive the growth and scale of HP’s peripherals and workforce solutions businesses. Poly’s devices, software, and services, combined with HP’s strengths across compute, device management, and security, create a robust portfolio of hybrid meeting solutions. Poly is a leader in video conferencing solutions, cameras, headsets, voice, and software. Together, HP and Poly will deliver a complete ecosystem of devices, software, and digital services to create premium employee experiences, improve workforce productivity, and provide enterprise customers with better visibility, insights, security, and manageability across their hybrid IT environments.
This acquisition is the latest step in a multi-decade relationship between Poly and Wilson Sonsini. The firm’s team advising Poly on the transaction includes:
Corporate/M&A
Katie Martin
Marty Korman
Doug Schnell
Remi Korenblit
Broderick Henry
Dennise Martinez
Tracy Sevush
Ava Munson
Jonathan Brecher
Employee Benefits and Compensation
John Aguirre
Jessica Bliss
Technology Transactions
Chris Paniewski
Caitlyn Bingaman
Antitrust and Competition
Beau Buffier
Deirdre Carroll
Liam Boylan
Laurine Signoret
Real Estate and Environmental
Susan Reinstra
Martin Sul
Sierra Bunnell
Sean Wilkinson
Privacy and Cybersecurity
Matt Staples
Daniel Chen
Michael O’Brien
National Security
Josh Gruenspecht
Seth Cowell
Troy Jenkins
Kara McDonough
Litigation
Ignacio Salceda
Shannon German
Delaware Corporate
Amy Simmerman
Ryan Greecher
Jason Schoenberg
Corporate Finance
Michael Occhiolini
John Mao
Michael Rosati
David Hu
Regulatory
Anne Seymour
Employment and Trade Secrets
Rebecca Stuart
Heather Diles
For more information, please see the companies’ press release.