The Technology team advised Reflexis Systems, Inc. on its definitive agreement to be acquired by Zebra Technologies Corporation (NASDAQ: ZBRA) for $575 million.
Reflexis Systems is a leading provider of intelligent workforce management, execution and communication solutions for multi-site organizations in retail, food service, hospitality, and banking. Zebra empowers the front line in retail/ecommerce, manufacturing, transportation and logistics, healthcare, public sector, and other industries to achieve a performance edge.
A portfolio company of private equity firms Great Hill Partners and Sageview Capital, Reflexis achieved sales of approximately $66 million in 2019, doubling over a 3-year period. The scale, vertical market expertise, and go-to-market footprint of Zebra is expected to create substantial synergies. Zebra expects to fund the $575 million purchase price with a combination of cash on hand along with fully committed financing available under its credit facility.
The Goodwin team was led by Ken Gordon, Meggie Hickey, Katie Hand, and included Janet Andolina, Sarah Bock, Bethany Withers, Jacqueline Klosek, Christina Lewis, Paul Jin, Katie Leah, Gemma Roberts, Gretchen Scott, Jacob Osborn, and Heiko Penndorf.
For more details, read the press release and articles in Business Insider, The Deal, Chain Store Age, and Law360.