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Adobe Systems $1.68 billion acquisition of Magento Commerce

21/5/2018
Private acquisition
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$ 1.68 billion

Announced

21/5/2018

Overview:

  • Adobe Systems has acquired e-commerce platform Magento Commerce in a $1.68 billion deal. 
  • Magento was sold by private equity firm Permira. 
  • Qatalyst Partners acted as financial adviser for Permira. 
  • The transaction is expected to close in the third quarter of 2018. 

Kurt Stumpo - Journalist

Jurisdictions:

United States
Luxembourg

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:
Clifford Chance

Party: Permira (Seller)

Lawyer: Katia Gauzès

Fried Frank Harris Shriver & Jacobson

Party: Magento Commerce (Target)

Hogan Lovells

Party: Adobe Systems (Acquirer)

Lawyer: Jane Ross

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