Pillsbury is representing Phoenix Venture Fund LLC, a private equity fund and the largest shareholder of Xplore Technologies Corp. in Xplore’s sale to Zebra Technologies for approximately $90 million. The deal, which was announced today, is expected to close in the third quarter of 2018 and is subject to customary closing conditions.

Zebra will acquire Xplore through a public tender offer for 100% of the shares of Xplore common stock for $6.00 per share. Phoenix entered into a tender and support agreement with Zebra in connection with the transaction and agreed to tender their shares in the offer, subject to the terms and conditions in the agreement.

Xplore is an established leader in developing semi-, fully- and ultra-rugged tablets, 2-in-1 laptops, and a range of performance matched accessories. The companies’ products serve existing vertical markets such as retail, manufacturing, transportation & logistics and healthcare, and provide an inroad into new markets including oil & gas, utility, government and public safety. Phoenix is a private equity firm that invests in and partners with entrepreneurs.

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The Pillsbury team representing Phoenix is led by corporate partner Jonathan Russo and associate Lexi Calcado.