Shearman & Sterling is advising Vector Capital on its proposed acquisition of Saba, a global leader in cloud-based intelligent talent management solutions, pursuant to which an affiliate of Vector will acquire all of the outstanding shares of Saba common stock for $9.00 per share. The transaction is subject to customary closing conditions and the approval of Saba shareholders and is expected to close in the coming months.
Saba delivers a cloud-based Intelligent Talent Management solution used by leading organizations worldwide to hire, develop, engage and inspire their people.
Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. Vector identifies and pursues these investments in both the private and public markets.
The Shearman & Sterling team was led by partners Steve Camahort and Dana Kromm (both San Francisco-Mergers & Acquisitions) and included partners Gus Atiyah (Washington, DC-Finance), and Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits); of counsel Dan Newcomb (New York-Litigation); counsel Eileen O’Pray (Palo Alto-Tax); and associates Christine Huang (San Francisco-Mergers & Acquisitions), Roey Gilberg (San Francisco-Mergers & Acquisitions), Stephanie Monastra (New York-Executive Compensation & Employee Benefits), Ryan Bray (Palo Alto-Tax), Joshua Steinberger (New York-Intellectual Property Transactions), Mark Pereira (New York-Corporate), Beverly Chang (Washington, DC-Finance), Brett Myrick (Washington, DC-Finance) and Mikael Abye (San Francisco-Litigation).
