Willkie Advises Insight Partners on Sale of Stake in Own Company to Salesforce
Willkie represented Insight Partners in connection with the sale of its portfolio company Own Company (formerly known as OwnBackup), a leading provider of data protection and data management, to Salesforce.
On September 5, Salesforce announced it that it signed a definitive agreement to acquire Own for approximately $1.9 billion in cash, net of the value of the approximately 10% of outstanding shares currently owned by Salesforce.
Willkie previously represented Insight Partners in its investments in Own, including its initial participation in the Series B financing round for Own and subsequent financing rounds.
The Willkie team was led by partner Matthew Guercio and counsel Jeffrey Daniel.