The Public M&A and Technology teams advised Mimecast Limited (NASDAQ:MIME) in its definitive agreement to be acquired by Permira, a global private equity firm focused on transformational growth at scale. Under the terms of the definitive agreement, Permira will acquire all outstanding ordinary shares of Mimecast for $80.00 per share in an all-cash transaction that values Mimecast at an equity value of approximately $5.8 billion.
The proposed acquisition of Mimecast is to be completed by way of a scheme of arrangement governed by the laws of the Bailiwick of Jersey and is subject to customary closing conditions, including approval by Mimecast shareholders and receipt of regulatory approvals. The transaction is expected to close in the first half of 2022. Upon completion of the transaction, Mimecast will become a privately held company and the ordinary shares of Mimecast will no longer be listed on any public market.
Mimecast was born in 2003 with a focus on delivering relentless protection. Each day, it takes on cyber disruption for its tens of thousands of customers around the globe; always putting them first, and never giving up on tackling their biggest security challenges together. Mimecast is the company that built an intentional and scalable design ideology that solves the number one cyberattack vector – email.
The Goodwin team was led by Stuart Cable, Lisa Haddad, Mark Opper and Andrew Lacy and included Michael Minahan, James Ding, Bryan Kultgen, Nicolo Nourafchan, Jennifer Chunias, Steve Charkoudian, Steven Argentieri, Benjamin Horwitz, Deborah Birnbach, Morgan Mordecai, Alexandra Denniston, Morgan Frisoli, Zoe Li, Jackie Klosek, Boris Segalis, Alex Intile, Nick Caro, Michael Casaburi, Brady Cummins, Jacob Osborn, Charles Li, Janet Andolina, Kyle Pine, Gregg Coughlin, Dulcie Daly, Christina Lewis and Brian Mukherjee.
For additional details on the acquisition, please read the press release.