- Law firms
- Latham counsels longtime client Intuit
- King & Spalding adds another Mailchimp deal to its belt
- McDermott represents Mailchimp co-founder
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(Reuters) - Three law firms — Latham & Watkins, King & Spalding and McDermott Will & Emery — are arranging accounting and tax software provider Intuit Inc’s $12 billion plans to purchase digital marketing company Mailchimp.
Mountain View, California-based Intuit is working with longtime adviser Latham on the deal. The firm’s team is led by corporate partner and Global co-chair of the firm’s mergers & acquisitions practice, Luke Bergstrom.
The Latham attorney has supported Intuit on many of its acquisitions and sales, including its roughly $7.1 billion cash acquisition of Credit Karma.
On the other side of the deal, Mailchimp has tapped a King & Spalding deal team including Atlanta corporate partners Justin King, Erik Belenky and Keith Townsend.
King, the co-leader of the firm’s financial technology group, has represented Mailchimp on multiple acquisitions and other transactions. Last year, he contributed to the Atlanta-based company’s purchases of e-commerce software maker Reaction Commerce and survey tools maker BigTeam, according to his firm profile.
A McDermott team led by private client and wealth partner Richard Lang and M&A partner Wilson Chu advised Mailchimp co-founder Dan Kurzius.
Intuit’s financial adviser on the Mailchimp acquisition is Morgan Stanley & Co LLC; Mailchimp’s is Qatalyst Partners.
The deal is expected to close before the end of the second quarter in Intuit’s 2022 fiscal year.