Debevoise & Plimpton LLP is advising Pitney Bowes on the sale of its Document Messaging Technologies (DMT) production mail business and supporting software to Platinum Equity for $361 million, subject to certain adjustments. The transaction is expected to close late in the second or early in the third quarter.

Pitney Bowes is a global technology company that provides commerce solutions in the areas of shipping and mailing, data and ecommerce, while Pitney Bowes’ Document Messaging Technologies production mail business is a global leader in enterprise print, mail and customer communications solutions.

The Debevoise team is led by partner Jeffrey J. Rosen and includes partners Michael Bolotin, Lawrence K. Cagney and Henry Lebowitz; counsel Stuart Hammer; and associates Christopher Anthony, Elizabeth Eleanor Burke, Sarah Chai, Christian Frazier, Simone S. Hicks and Stephen J. Kozey.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.