Fenwick & West LLP advised Dynamic Signal on the deal.
Dynamic Signal announced its definitive merger agreement with SocialChorus. Both companies are leaders in the digital employee experience space.
Sumeru Equity Partners will make a significant new growth investment in SocialChorus and subsequently fund the combination with Dynamic Signal. In addition, senior management and existing investors of both companies will invest a meaningful stake in the transaction.
SocialChorus and Dynamic Signal joining forces is a leap forward in the mission to transform how companies connect every worker with the right information at the right time, and will accelerate the move to an orchestrated digital employee experience that fosters employee productivity and well-being. The closing of the merger is expected in the third quarter of 2021, subject to customary regulatory and other approvals.
The Fenwick transaction team included corporate partners Kris Withrow (Picture) and Steven Levine and associates Meredith Evancie, Chima Nwachukwu and Ethan Mackay; executive compensation and employee benefits partner Nancy Chen and associate Cynthia Yuan; antitrust and trade regulation partner Mark Ostrau; technology transactions counsel Christopher Joslyn and associates Julia Chung, Lauren Kim and Barbara Wong; privacy and cybersecurity counsel Helen Christakos; and tax partner Julia Ushakova-Stein and associate Einav Axler.
Involved fees earner: Einav Axler – Fenwick & West LLP; Nancy Chen – Fenwick & West LLP; Helen Christakos – Fenwick & West LLP; Julia Chung – Fenwick & West LLP; Meredith Evancie – Fenwick & West LLP; Christopher Joslyn – Fenwick & West LLP; Lauren Kim – Fenwick & West LLP; Steven Levine – Fenwick & West LLP; Ethan Mackay – Fenwick & West LLP; Chima Nwachukwu – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; Julia Ushakova-Stein – Fenwick & West LLP; Kris Withrow – Fenwick & West LLP; Barbara Wong – Fenwick & West LLP; Cynthia Yuan – Fenwick & West LLP;
Law Firms: Fenwick & West LLP;
Clients: Dynamic Signal;