DLA Piper advises EVERFI in its US$750 million acquisition by Blackbaud
DLA Piper represented EVERFI, a global social impact technology leader, in its acquisition by Blackbaud (NASDAQ: BLKB), a leading cloud software company, for US$750 million.
Headquartered in Washington, DC, EVERFI enables private, public and social sector organizations to respond to some of today’s most pressing challenges through education, activating community engagement at scale, delivered as a service. Through its technology and learning platform, EVERFI has reached more than 45 million learners globally, in addition to delivering critical insight to its corporate partners so they can measure and amplify the impact of the educational programs they are driving in support of their environmental, social and governance (ESG) and corporate social responsibility (CSR) goals.
“It was a pleasure to bring together our extensive transactional capabilities and experience in the tech sector to advise EVERFI on its sale to Blackbaud, which will enable EVERFI to strengthen the technology and data-driven impact space and provide increased value to its clients,” said Jeffrey Lehrer, chair of DLA Piper’s US Emerging Growth and Venture Capital practice and the partner who led the firm’s deal team.
In addition to Lehrer (Northern Virginia), the DLA Piper team representing EVERFI included Shaked Hoter, Susan Kim (both of Washington, DC) and J.A. Glaccum (Houston), as well as partners Julia Kovacs (Washington, DC), Tom Geraghty (Chicago), Paolo Morante (New York) and Nathaniel McKitterick (Silicon Valley); of counsel Isabel De Obaldia (Northern Virginia), Michael Massiatte (Dallas) and Nia Brown (Washington, DC); and associates James Duchesne, Luyao Zhang (both of Washington, DC), Grace Guan (Los Angeles) and Tyler Davis (Houston).
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex cross-border 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.
DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.