Latham & Watkins Advises Cloudways in Acquisition by DigitalOcean
DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for developers, startups and SMBs, has announced that it has entered into an agreement to acquire Cloudways, a leading managed cloud hosting and software as a service (SaaS) provider for SMBs. The acquisition will simplify workflows for small to medium-sized businesses that are looking for easier ways to build and scale their digital businesses. Under the terms of the transaction, DigitalOcean will acquire Cloudways for US$350 million in cash.
Latham & Watkins LLP represents Cloudways in the transaction with a corporate deal team led by Bay Area partners Eric Schwartzman and Saad Khanani and New York partner Marc Jaffe, with associates Shannon Cheng, Brian Umanoff, Tiana Baghdikian, and Kennedy Holmes. Advice was also provided on data privacy matters by Bay Area partner Robert Blamires, with associate Kiara Vaughn; on intellectual property matters by Bay Area counsel Arielle Singh, with associates Ryan Sanders and Lydia Lim; on tax matters by Bay Area partner Katharine Moir, with associate Alex Farris; on benefits and compensation matters by Boston partner Joshua Friedman, with associate Jina Davidovich; on regulatory matters by Washington, D.C. partner Daniel Dominguez and Washington, D.C. counsel Andrew Galdes, with associate Alli Hugi; and on antitrust matters by Bay Area partner Josh Holian, with associate Charlotte Yeung.