Okta’s $6.5 Billion Acquisition of Auth0

Latham & Watkins LLP represented Okta, Inc. in the transaction while Perkins Coie LLP advised Auth0.

Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, entered into a definitive agreement to acquire Auth0, a leading identity platform for application teams, in a stock transaction valued at approximately US$6.5 billion. Together, Okta and Auth0 address a broad set of identity use cases and the acquisition will accelerate the companies’ shared vision of enabling everyone to safely use any technology, shaping the future of identity on the internet.

Latham & Watkins LLP represented Okta, Inc. in the transaction with a corporate deal team led by Bay Area partners Tad Freese (Picture), Rick Kline, and Mark Bekheit, with Bay Area associates Brad Alvarez, Raul Gonzalez, Adam Zuckerman, and Melinda Vanderburg and London associate Zoe Liu and Hong Kong associate Takaki Sato. Advice was also provided on securities matters by Bay Area partner Sarah Axtell; on benefits and compensation matters by Bay Area partner James Metz, with Bay Area associate Erik Ward; on antitrust matters by Washington, D.C. partner Mandy Reeves and Bay Area partner Kelly Fayne, with Bay Area associate Tess Curet and Washington, D.C. associate Ehson Kashfipour; on tax matters by Bay Area partner Katharine Moir, with Bay Area associates Derek Berry and Jessica Chen; on technology transactions matters by Bay Area partner Anthony Klein and Bay Area counsel Arielle Singh, with Boston associate Deborah Hinck and Bay Area associates Rachel Horn and Erica Chae; on data privacy matters by Bay Area partner Michael Rubin and London partner Fiona Maclean, with Bay Area associate Max Mazzelli, London associate Catherine Hughes, and Boston associate Kiara Vaughn; and on compliance matters by Washington, D.C. partners Les Carnegie and Erin Brown Jones, with Washington, D.C. associates Andrew Galdes, Monica Trueba Neligan, and Julie Choi Shin.

The Perkins Coie M&A team representing Auth0 in the transaction is led by partners David Clarke and Nick Davis and includes counsel David Martinez and associates Andrew Perez and William Gillis. Advice was also provided by corporate partner Andrew Moore and associates Dierdre Madsen and Chris Wassman; employee benefits partner Tom Cristy and associate Tomer Vandsburger; executive compensation counsel Kelly Reinholdtsen; employment partner Julie Lucht and associate Stephanie Holstein; technology transactions partner Sam Hong and associate Mike Hemes; tax partner Bryan Smith and associate Minkeun Woo; and antitrust partner Barry Reingold, counsel Jeremy Keeney and staff attorney Betsy Kristoferson.

Involved fees earner: Bradley Alvarez – Latham & Watkins; Sarah Axtell – Latham & Watkins; Mark Bekheit – Latham & Watkins; Derek Berry – Latham & Watkins; Erin Brown Jones – Latham & Watkins; Les Carnegie – Latham & Watkins; Jessica Chen – Latham & Watkins; Julie Choi Shin – Latham & Watkins; Tess Curet – Latham & Watkins; Tad Freese – Latham & Watkins; Andrew Galdes – Latham & Watkins; Raul Gonzalez – Latham & Watkins; Deborah Hinck – Latham & Watkins; Catherine Hughes – Latham & Watkins; Ehson Kashfipour – Latham & Watkins; Anthony Klein – Latham & Watkins; Richard Andrew Kline – Latham & Watkins; Zoe Liu – Latham & Watkins; Fiona Maclean – Latham & Watkins; Max Mazzelli – Latham & Watkins; James Metz – Latham & Watkins; Katharine Moir – Latham & Watkins; Amanda Reeves – Latham & Watkins; Michael Rubin – Latham & Watkins; Takaki Sato – Latham & Watkins; Arielle Singh – Latham & Watkins; Kelly Smith Fayne – Latham & Watkins; Monica Trueba Neligan – Latham & Watkins; Kiara Vaughn – Latham & Watkins; Erik Ward – Latham & Watkins; David Clarke – Perkins Coie; Thomas Cristy – Perkins Coie; Nicholas Davis – Perkins Coie; William Gillis – Perkins Coie; Michael Hemes – Perkins Coie; Stephanie Holstein – Perkins Coie; Sam Hong – Perkins Coie; Jeremy Keeney – Perkins Coie; Betsy Kristoferson – Perkins Coie; Julie Lucht – Perkins Coie; Dierdre Madsen – Perkins Coie; David Martinez – Perkins Coie; Andrew Moore – Perkins Coie; Andrew Perez – Perkins Coie; Barry Reingold – Perkins Coie; Kelly Reinholdtsen – Perkins Coie; Bryan Smith – Perkins Coie; Tomer Vandsburger – Perkins Coie; Christopher Wassman – Perkins Coie; Minkeun Woo – Perkins Coie;

Law Firms: Latham & Watkins; Perkins Coie;

Clients: Auth0; Okta, Inc.;

Martina Bellini

Author: Martina Bellini