DLA Piper advises Life360 on its acquisition of Tile and related AUD280 million capital raising
Global law firm DLA Piper has advised Life360 (ASX:360) on its AUD280 million equity raise and the acquisition of Tile, Inc. (Tile). Under the terms of the agreement Life360 has agreed to acquire 100% of Tile for up to USD205 million (approximately AUD282 million). Founded in California in 2012, Tile is the global leader in finding things, and locates millions of unique items every day.
DLA Piper has a long-standing relationship with Life360, having advised Life360 on its AUD820 million IPO and ASX listing – the largest IPO on the ASX that year and one of the largest public tech debuts ever in Australia.
DLA Piper corporate partners David Ryan and Kelly Morrison led the transaction supported by solicitors Kayla Stathis and Andrew Heiner.
David said “this is an incredibly exciting opportunity for Life360 and Tile, and we are delighted to see the collaboration between these two companies. We have worked with Life360 for a number of years, and we look forward to seeing the business continue to grow.”
In 2020 the ASX launched the S&P/ASX All Technology Index, becoming one of the largest stock exchanges in the world for tech listings, and the index continues to attract US fast growth technology companies.
DLA Piper is at the forefront of advising on cross-border technology M&A and equity capital market deals, and continues to advise leading technology companies around the world including Link Group, Nearmap, Worldline and Zip.