Experience
Performed Due Diligence on a Potential Acquisition Target
We performed key diligence on a U.S. target for acquisition by European companies ultimately owned by a Chinese conglomerate. We assisted the client to understand the target in detail, and then ultimately did not pursue the transaction, which was a win for the client.
Represent Financial Institution After Potential Data Breach, Advise on Policies
We represented a financial institution after a data breach occurred. Someone broke into our client’s facility and stole computer equipment and files that contained potentially confidential information. However, the files were appropriately redacted and the equipment was encrypted, both of which prevented any confidential information from being discovered or released. Following the incident, we worked with the client to ensure their policies remained strong and also evaluated their response to the breach to ensure they remain proactive in the case of another incident.
Represented Our Client During its Sale to a Global IT Company
We represented our client, a banking services group providing ATMs, security systems and other products for banks, during their sale to Convergint Technologies LLC, an IT service management company. Our services included negotiating and finalizing the contract details of the sale, which gave the seller’s roughly 100 employees a chance to expand their skillsets at a larger company with world-wide reach.
Dinsmore counsels Lexmark International to acquire Kofax Limited for $1 billion
In a major technology deal, Dinsmore counseled Lexmark International, Inc., a Lexington, KY manufacturer of laser printers and provider of enterprise software services, in the acquisition of Kofax Limited, a software provider incorporated in Bermuda and headquartered in Irvine, CA. Pursuant to the Merger Agreement, Lexmark paid $11.00 per share in cash to acquire all issued and outstanding common shares of Kofax for a total enterprise value of approximately $1 billion.
“This was a very competitive public bid process,” said Susan Zaunbrecher, Chair of the Corporate Department. “The relationship we’ve built with Lexmark was crucial to how smoothly this acquisition transpired.”
Dinsmore has served as deal counsel to Lexmark in more than 10 transactions, including the acquisition of Perceptive Software, Inc., Lexmark’s first acquisition in the enterprise software industry, and the divestiture of Lexmark’s inkjet business.