General Newsroom Hero 1920x480 (4:1)
Our Work

Latham & Watkins Advises Care.com in Acquisition by IAC

December 20, 2019
Members of Latham's M&A and Emerging Companies Practices led the transaction.

IAC (NASDAQ: IAC) and Care.com (NYSE: CRCM), the world's largest online marketplace for finding and managing family care, have announced that the two companies have entered into a definitive agreement pursuant to which IAC will acquire Care.com for $15.00 per share in an all-cash transaction representing approximately $500 million of enterprise value. 

Latham & Watkins LLP represents Care.com in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Jason Morelli and Boston partners John Chory and Susan Mazur, with associates Daniel Hoffman, Jennifer Yoon, Peter Prial, Kiara Vaughn, Jackson Mejia, and Michael Casagrande. Advice was also provided on intellectual property matters by Boston partner Sarah Gagan, with associate Deborah Hinck; on benefits and compensation matters by Washington, D.C. partner Matthew Conway, with associate Stephanie Jeane; on tax matters by San Francisco partner Grace Lee, with associate Joseph Curran; and on antitrust matters by San Francisco partner Joshua Holian and Brussels counsel Rita Motta.