Debevoise & Plimpton LLP is advising J.P. Morgan Securities Inc. (J.P. Morgan) as financial advisor to LogMeIn (Nasdaq: LOGM), a leading provider of cloud-based connectivity, in its acquisition by Francisco Partners, a leading technology-focused global private equity firm, and Evergreen Coast Capital Corporation (“Evergreen”), the private equity affiliate of Elliott Management Corporation (“Elliott”), for $86.05 per share in cash. The all-cash transaction values LogMeIn at an aggregate equity valuation of approximately $4.3 billion. For more information, see LogMeIn’s press release.
J.P. Morgan Securities Services is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. With $18.8 trillion in assets under custody and $7.5 trillion in assets under administration, Securities Services leverages the firm’s global scale, leading technology and deep industry expertise to service investments around the world.
LogMeIn, Inc. simplifies how people connect with each other and the world around them to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses. One of the world’s top 10 public SaaS companies, and a market leader in unified communication & collaboration, identity & access management, and customer engagement & support solutions, LogMeIn has millions of customers spanning virtually every country across the globe. LogMeIn is headquartered in Boston with additional locations in North America, South America, Europe, Asia and Australia.
The Debevoise team was led by M&A partners Michael Diz and Sue Meng and included associate Alexandra Grossman.