November 24, 2021
Latham & Watkins advised Global-e
(NASDAQ: GLBE), the world’s leading cross-border end-to-end platform for brands
and retailers, on its definitive agreement to acquire Flow Commerce Inc.
(Flow), a technology based cross-border e-commerce software solution for
Global-e agreed to acquire Flow for an
aggregate purchase price of up to approximately US$500 million (in equal
portions of cash and Global-e shares), comprised of a base consideration of
approximately US$425 million and up to approximately US$75 million in potential
additional consideration based on certain financial results in 2021, plus
approximately US$45 million in Global-e shares for certain assumed,
performance-based vesting warrants for Flow shares.
The Latham team was led by London corporate
partner Josh Kiernan, New York securities counsel Irina Yevmenenko, and
associate Gilad Zohari; advice on antitrust matters was provided by Washington,
D.C. partner Ian Conner and counsel Peter Todaro; and on regulatory matters by
Washington, D.C. partner Jim Barker.