Lawrence M. Chu

Lawrence M. Chu

Partner
Lawrence M. Chu

Larry Chu is a partner in Goodwin’s Technology Companies, M+A/Corporate Governance and Private Equity Practices, a member of the firm’s FinTech Practice and leads the firm’s Technology M+A Practice on the West Coast. He represents domestic and non-U.S. public and private companies in mergers and acquisitions, dispositions and corporate finance transactions in the technology, Internet, digital media, financial technology, e-commerce and biotech industries, and also has represented clients in the consumer products (including CPG), beverages, apparel, telecommunications, oil and gas, industrial products and manufacturing, banking and financial services, and asset management sectors. In addition, he represents private equity funds in connection with the acquisition of, and investment in, certain public and private portfolio companies, as well as banking clients in connection with their roles as financial advisor and dealer/manager on M&A transactions.

Mr. Chu's transaction experience includes public and private mergers and acquisitions, tender and exchange offers, carve-out transactions, asset acquisitions and dispositions, recapitalizations, management buyouts and going-private transactions, joint venture arrangements, and strategic alliances and minority investments. He also has extensive experience with cross-border transactions and has helped a number of serial acquirors manage their buy-side M&A programs. He has been recognized as a leading attorney in his field by The Legal 500 and has also been included on the Global M&A Network's list of "Top 50 North American M&A Lawyers.”

Experience

Over the course of his career, Mr. Chu has been involved in more than 125 announced transactions with an aggregate value in excess of $90 billion. He has regularly represented:

  • Amobee in its acquisition by Singapore Telecommunications Limited (SingTel) for cash consideration, adjusted for certain debt items, of approximately $321 million; and SingTel / Amobee in its acquisitions of Adconion Media Group’s U.S. and Australian businesses for $235 million and Kontera Technologies for $150 million, and its acquisitions of AdJitsu and Gradient X for undisclosed sums
  • Box, including in its acquisitions of Verold and Subspace for undisclosed amounts
  • Atlassian in a number of acquisitions, including BlueJimp, DocTape and Wikidocs for undisclosed amounts, and in its acquisition of Trello for $425 million in cash and equity consideration
  • McAfee, including in its acquisition of Secure Computing, for approximately $497 million in cash, and in its acquisition of Safeboot Holding B.V. for $350 million in cash
  • Informatica Corporation, in over 10 acquisition transactions, including in its acquisitions of Identity Systems (a division of Nokia), Applimation, Agent Logic, Siperian, 29West, WisdomForce Technologies and its successful public bid for Heiler Software AG
  • RichRelevance, including in its acquisition of European online merchandising software maker, Avail
  • Guidewire Software, including in its acquisition of data management and business intelligence software provider, Millbrook, Inc.
  • CyOptics, including in its acquisition of the Photonics division from Pirelli & Co., and in its merger with Apogee Photonics, as well as in connection with its acquisition by Avago Technologies Ltd. for $400 million in cash
  • Khosla Ventures in connection with its M&A exits for portfolio companies including The Climate Corporation, in its sale to Monsanto Company, for approximately $930 million; and in connection with the sales of EchoFirst to SunEdison, Storify to Livefyre, Rockmelt to Yahoo!, Ness to OpenTable, Virdia to Stora Enso and Timeful to Google
  • August Capital in connection with its M&A exits for portfolio companies including Gravity in its sale to AOL, RocketMiles in its sale to Priceline, Mavenir Systems in its public company sale to Mitel, and AppFormix in its sale to Juniper Networks

In addition, Mr. Chu has advised on the following transactions:

  • Nexmo, Inc., in connection with its acquisition by Vonage Holdings Corp. for approximately $230 million in cash and stock, with an earn-out payment of up to $20 million cash and stock
  • Mblox, Inc., in connection with its acquisition by CLX Communications AB for a cash consideration of $117 million
  • Fahrenheit 212 in connection with its combination with Cap Gemini SA for an undisclosed sum
  • MileIQ in connection with its acquisition by Microsoft Corporation for an undisclosed sum
  • TellApart in connection with its acquisition by Twitter for $533 million in an all-stock deal
  • lynda.com in connection with its acquisition by LinkedIn for $1.5 billion in a mix of cash and stock consideration
  • deCarta and Geometric Intelligence in connection with their sales to Uber for undisclosed amounts
  • Pentaho Corporation in connection with its proposed acquisition by Hitachi Data Systems Corporation for an undisclosed amount
  • 13th Lab in connection with its sale to Oculus/Facebook for an undisclosed sum
  • An investor consortium comprised of August Capital, Canaan Partner and Foundation Capital, who together own a substantial majority of the equity in Ebates, in connection with the proposed sale of Ebates to Rakuten for $1 billion
  • Location Labs in connection with its acquisition by AVG Technologies for cash and contingent consideration of up to $220 million
  • Trunk Club in connection with its sale to Nordstrom for $350 million in Nordstrom stock and $100 million in potential incentive payments
  • Flurry in connection with its sale to Yahoo! for an undisclosed amount
  • Dropcam in connection with its $555 million sale to Nest Labs, a subsidiary of Google
  • Klout in its acquisition by Lithium Technologies for cash and stock consideration of approximately $200 million
  • An investor consortium comprised of Andreessen Horowitz, Matrix Partners and Spark Capital in connection with the proposed sale of their portfolio company, Oculus VR, to Facebook for $2 billion in cash and stock consideration
  • Greycroft Partners and Upfront Ventures in connection with the proposed sale of their portfolio company, Maker Studios, to The Walt Disney Company for $500 million in cash and an additional $450 million in contingent consideration
  • M/C Partners and a consortium of other private equity investors in connection with the recapitalization and acquisition of Spin Media Group, Inc.
  • Founders Fund and Horizons Ventures in connection with the sale of their portfolio company, Deep Mind Technologies, to Google for an undisclosed amount
  • Kleiner Perkins Caufield & Byers and a consortium of other venture investors (which, together, own a majority equity stake) in connection with the sale of their portfolio company, Nest Labs, to Google for $3.2 billion in cash
  • Topsy Labs and the investors of LuxVue in connection with their acquisitions by Apple 
  • The 41st Parameter, in connection with its sale to Experian plc, for $324 million in cash and certain limited earn-out consideration
  • EdgeSpring, in its sale to Salesforce.com, for cash and stock consideration in an undisclosed amount
  • StoneCalibre Private Investment Company, in its acquisition of the business and assets of Source Technologies for an undisclosed sum
  • Canaan Partners, August Capital, InterWest Partners and Southern Cross Venture Partners in the sale of their portfolio company, Virsto Corporation, to VMWare for an undisclosed sum
  • Vyatta, Inc., in its sale to Brocade Communications Systems, Inc. for an undisclosed amount
  • Merchant eSolutions in its sale to Cielo, S.A. for over $700mm in enterprise value
  • Extend Health in its sale to Towers Watson for $435 million in cash plus the assumption of unvested options
  • LiveOffice in its acquisition by Symantec for $115 million in cash
  • Cotendo in its acquisition by Akamai Technologies for a net cash payment of approximately $268 million, after expected purchase price adjustments
  • OPENLANE in its sale to KAR Auction Services for $210 million in cash plus excess cash at closing
  • EAM Software Holdings Pty (MINCOM), a Francisco Partners portfolio company, in its sale to ABB Asea Brown Boveri for an undisclosed amount
  • AFCV Holdings, a Summit Partners portfolio company, in its leveraged take-private acquisition of Answers Corporation for approximately $127 million in cash
  • Skype Technologies in its acquisition of Qik for an undisclosed amount
  • Isilon Systems in its acquisition by EMC for approximately $2.25 billion in cash
  • Trintech Group in its sale to Spectrum Equity Investors in a leveraged buyout for approximately $129.4 million in cash
  • Blade Network Technologies, a Garnett & Helfrich portfolio company, in its sale to IBM for an undisclosed amount
  • CityDeal Europe in its sale to Groupon for an undisclosed amount
  • Jajah in connection with its sale to Telefónica O2 for $207 million in cash
  • Pegasystems in its cash tender offer for all of the outstanding shares of common stock of Chordiant Software, for approximately $161.5 million in the aggregate
  • Interpark and Mr. Ki Hyung Lee (chairman of the board of directors of Interpark and Gmarket), who together hold approximately 34% of Gmarket, in connection with the structuring and negotiation of various tender offer, key shareholder and other agreements relating to eBay’s acquisition of Gmarket for approximately $1.2 billion in aggregate cash consideration, and the related proposed combination of eBay’s Korean marketplace business, Internet Auction Company, with Gmarket
  • Skullcandy in connection with its recapitalization and investment by private equity firm Goode Partners 
  • Sony Corporation of America in its acquisition of Gracenote for $260 million in cash plus other contingent consideration 
  • The Nolet family of Holland, owners of Ketel One vodka, in connection with the formation of a 50/50 company with Diageo and corresponding contribution of IP rights and other assets to such company, together with the entry into of certain service arrangements, in exchange for $900 million in cash
  • ShareBuilder in its sale to ING Direct Bancorp for $220 million
  • Traiana in its sale to ICAP PLC for approximately $251 million in cash and assumed debt
  • Navis Holdings in its proposed sale to Zebra Technologies for approximately $145 million in cash
  • Altiris in its merger with Symantec for $830 million
  • Atmel in its $130 million cash and stock acquisition of QRG Limited, based in the U.K. 
  • Check Point Software Technologies in its acquisition of Protect Data AB for approximately $586 million in cash
  • CNOOC in its $18.5 billion proposal to acquire Unocal Corporation
  • EQT Private Equity in the acquisition of MTU Friedrichshafen and related off-highway engines business of DaimlerChrysler for €1.6 billion
  • NTL in its $6 billion cash and stock merger with Telewest Global
Professional Activities

Mr. Chu is a member of the American Bar Association, State Bar of California and New York State Bar Association, and serves on a number of advisory boards, including for Idean, a leading digital consultancy, and Zarbees, a leading natural remedies company.

Professional Experience

Prior to joining Goodwin in 2012, Mr. Chu was partner in the mergers and acquisitions and private equity practices at Wilson Sonsini Goodrich & Rosati in San Francisco. Previously, he practiced at Davis Polk & Wardwell in New York and London.

Recognition

Global M&A Network has named Mr. Chu one of North America’s top 50 M&A lawyers. He has been selected for inclusion in the 2012, 2013, 2014 and 2015 editions of Northern California Super Lawyers and was recently named to its “Rising Stars” list. He is also recognized in the 2013, 2014 and 2015 editions of The Legal 500 U.S. in the areas of Mergers and Acquisitions, Private Equity and Technology Transactions. In addition, Mr. Chu was honored as one of five finalists in the Transatlantic Corporate Dealmaker (US) category at The American Lawyer’s new Transatlantic Legal Awards and named as one of six finalists in the Legal Advisor of the Year category at the 13th Annual M&A Advisor Awards.

Credentials

Education

J.D./LL.B, 1998
Osgoode Hall Law School
B.A., 1995
University of Western Ontario

Admissions

Bar

California
New York
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