Media Coverage
Source: Law360, Daily Journal, The Deal
Media Coverage
07.11.14
Pillsbury attorneys from the firm’s San Francisco and Palo Alto offices led five tech deals for some of California’s leading technology companies. The deals were either announced or closed within just four short weeks in June and July, and attracted significant press attention.
Led by Silicon Valley partner Jorge del Calvo, the first deal involved Sunnyvale-based client PLX Technology in its $309 million sale to Singapore’s Avago Technologies. The deal allows the semiconductor maker to expand its enterprise storage and networking capabilities through its acquisition of PLX. Working alongside del Calvo on the deal were David Furbush, Justin Hovey, Davina Kaile, Jim Masetti, Cindy Schlaefer, Michael Sibarium, Christina Pearson, Jhale Ali, Gurpreet Bal and Blair Markovic.
Palo Alto partner Jim Masetti led another $130 million deal in which Pillsbury’s semiconductor client Tilera Corp. was sold to Israel’s EZchip Semiconductor. Tilera, which is based in San Jose, specializes in multicore processors and other components for cloud computing and multimedia purposes, data center networking equipment and wireless infrastructure. With Masetti on the deal were Nancy Fischer, David Jakopin, Cindy Schlaefer, Michael Sibarium and Brian Wainwright, Christina Pearson, Michael Riccoboni and Khan Shing.
Pillsbury was on the buyer’s side in a pair of acquisitions by San Jose-based electronic sensor developer InvenSense. The company will pay a total of $81 million for French data fusion and motion processing innovator Movea and a Canadian software firm, Trusted Positioning. Silicon Valley partner Allison Leopold Tilley led both deals along with Jorge del Calvo.
For the Movea deal, she worked with Heidi Mayon, Noelle Matteson and Khan Shing. For Trusted Positioning, she worked with Gurpreet Bal and Ryan Delaney. Working on both transactions were David Jaffer, Cindy Schlaefer and Brian Wainwright, along with associate Marta Porwit.
San Francisco emerging growth partner Justin Hovey quarterbacked Pillsbury’s team on the sale of publicly-traded mobile advertising analytics provider Grow Mobile to Tel Aviv-based consumer software company Perion Network for up to $42 million. He was joined on the team by Julie Divola, Ben Esplin, James Gatto, Mark Jones, Brian Wainwright, David Ajalat, Matt Hallinan, Justin Krawitz and Peter Richmond. Grow Mobile has offices in Tel Aviv, San Francisco and Seattle.