Goodwin Advises Great Hill Partners and Management Shareholders on Sale of Ziff Davis Stock
A team of Goodwin Procter attorneys advised clients Great Hill Partners
and the management shareholders of Ziff Davis, Inc.
in the sale of capital stock in Ziff Davis to j2 Global Inc.
for approximately $175 million cash.
Ziff Davis is a leading all-digital media company specializing in the technology market, reaching more than 50 million in-market buyers every month. Ziff Davis’ sites include PCMag.com, ExtremeTech, Geek.com and LogicBUY.com.
Founded in 1995, j2 is a public company that provides cloud services to companies and individuals in 49 countries on 6 continents. Based in Boston, Great Hill Partners
is a middle-market private equity firm with more than 50 portfolio company investments including Credibility Corp., Wayfair.com, Passport Healthcare and Latisys Corp.
“We were pleased to advise our clients on this successful sale,” said David Dietz
, a partner in the firm’s Business Law Department. “Our cross-office, cross departmental team was able to handle multiple aspects of the deal, including antitrust, ERISA, employment, tax, intellectual property and privacy matters, allowing the transaction to proceed as smoothly as possible.”
Chris Gaffney, Managing Partner at Great Hill added, “Once we signed the LOI, we had a short time frame to complete the transaction. Goodwin’s team was incredibly responsive and really managed the process to closing. I was very happy with their service.”
The Goodwin Procter deal team was led by Dietz and included Lynda Galligan
, Robert Kester
, Bradford Smith
and Pat Doherty