The Technology team advised longtime client Control4 (NASDAQ: CTRL) on its definitive merger agreement under which SnapAV will acquire Control4 for approximately $680 million in cash. At $23.91 per share, the deal price is a premium of 40% over Control4’s closing price on the signing date. The transaction – announced earlier this month – is subject to customary closing conditions and is expected to close in the second half of 2019. Private equity investment firm Hellman & Friedman, SnapAV’s majority shareholder since 2017, will invest additional equity as part of the transaction and be the majority shareholder of the combined company.

The sale of Control4 is a prime example of the successful application of Goodwin’s business model in the technology space - providing clients meaningful and sophisticated multidisciplinary advice throughout their lifecycle. The Control4 client relationship began seven years ago with partners William Schnoor and Michael Minahan advising on Control4’s IPO and continued throughout the company’s growth and international expansion.

Control4 is headquartered in Salt Lake City, Utah and is a leading global provider of automation and networking systems for homes and businesses, offering personalized control of lighting, music, video, comfort, security, communications, and more into a unified smart home system that enhances the daily lives of its consumers.

The Goodwin team was led by partners Joseph Johnson and Andrew Goodman and associate Tevia Pollard with assistance from partners James Matarese, William Schnoor, William Pearce, Rachel Smith, Janet AndolinaJoel Lehrer, Robert Crawford, counsels Jacqueline Klosek, Grace Wirth, Kyle Pine and Jacob Osborn and associates Kim de Glossop, Alex Denniston, James Devendorf, Timothy Holahan, David Rouse and Shannyn Henke.

For additional details on the acquisition, please read the press release.