DLA Piper advises Parsec in its US$320 million sale to Unity

DLA Piper is representing Parsec in its sale to Unity (NYSE: U) for US$320 million. The transaction is expected to close in Q3 of 2021 and is subject to customary closing conditions.

Founded in 2016, Parsec is a high-performance remote desktop and streaming technology company that allows gaming and creative professionals to work together from anywhere by delivering low latency, ultra-high-definition desktop streaming.

“We are proud to support Parsec in this transaction, bringing together our extensive technology M&A capabilities and an experienced, multidisciplinary team to ensure a successful result for our client,” said Stephen Ballas, the DLA Piper partner who led the firm’s deal team. 

In addition to Ballas (Los Angeles), the DLA Piper team representing Parsec included associates David Parsly, Rahul Sajnani and Arnold MacEbong (all of Los Angeles), as well as partners Jennifer Kashatus, Thomas deButts, Danish Hamid (all of Washington, DC), Chung Wei (Silicon Valley), Ben Gipson (Los Angeles), Tom Geraghty (Chicago) and Paolo Morante (New York); senior counsel William Hoffman (Silicon Valley) and Mark Boxer (San Francisco); attorney Ivan Komaritsky (New York); and associates Grace Guan, Sara Kim (Los Angeles) and Thomas Reynolds (Washington, DC).

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 11 consecutive years, according to Mergermarket.