Kirkland & Ellis advised Twilio Inc. (NYSE:TWLO), the leading cloud communications platform, on its partnership with Syniverse Corporation, the world’s most connected company. Twilio will also invest up to $750 million cash in Syniverse, following which Twilio will become a significant minority owner of Syniverse, while The Carlyle Group, Syniverse’s current owner, will maintain a majority interest in the company. The partnership between Twilio and Syniverse will accelerate the next wave of innovation in mobile communications and drive long-term growth. The transaction is expected to close before the end of 2021.
The Kirkland team was led by New York-based corporate partners Ed Lee and Carlo Zenkner and Bay Area-based corporate partners Adam Phillips and Jonathan Manor, as well as debt financing partners Chris Kirkham and Samantha Good. The team also included corporate associates Julia Chong, Patty Liu and Shiyi Fan, capital markets partner Pippa Bond, debt financing associate Jessica Tjang, tax partners Sara Zablotney and Scott Fryman and associate Liz Allison, intellectual property partner Vladimir Khodosh and associates Seth Pritchard and Stephanie Anne Lucas, antitrust partners Ian John, Jacob Boyars and Paula Riedel and associate Arjun Chandran, M&A clearance specialists Kurt Wunderlich and Ian Bohn, executive compensation partner Rohit Nafday and associate Karsten Busby, employee benefits partner Matt Antinossi and associate Theodore Brown, and labor & employment partner R.D. Kohut and associates Alexander Flynn-Tabloff and Anusheh Khoshsima.