The Private Equity team advised Workfront in its definitive agreement to be acquired by Adobe (Nasdaq:ADBE) for $1.5 billion, subject to customary purchase price adjustments. The transaction, which is expected to close during the first quarter of Adobe’s 2021 fiscal year, is subject to regulatory approval and customary closing conditions. Until the transaction closes, each company will continue to operate independently.
Workfront is the leader in enterprise work management, trusted by more than 3,000 companies, one million users, and 10 out of 10 of the world’s top brands. Workfront was founded to help people, teams, and companies do their best work.
The Goodwin team was led by Joshua Klatzkin, Joseph Bernardi, Alese Bagdol, Jessica Jacobs, Ortal Ben Aharon, Luke Neveu and Brandon Cuffy and included Kelsey Lemaster, Nicole Spiteri, Jennifer Fay, Sophie Duffy, Kevin Lam, Kevin Liu, Sarah Bock, Monica Patel, Richard Matheny, Jake Osborne, Charles Li and Kara Kuritz.
For additional details on the acquisition, please read the press release.