Kirkland & Ellis Represents GTCR and Sycamore in $1.1 Billion Acquisition of CommerceHub

Kirkland & Ellis LLP represented GTCR and Sycamore Partners, which announced today their definitive agreement to acquire CommerceHub, Inc. (NASDAQ:CHUBA) (NASDAQ:CHUBK), a leading distributed commerce network for retailers and brands. Funds affiliated with GTCR and Sycamore will acquire all outstanding shares of CommerceHub’s Series A, B, and C common stock for a total value of approximately $1.1 billion. CommerceHub will become a privately held company and remain headquartered in Albany, NY, with offices in Seattle, WA, and Hertford, England. CommerceHub’s board of directors unanimously approved the deal and recommended that stockholders vote their shares in favor of the transaction. The transaction is expected to close in the third quarter of 2018, subject to customary closing conditions, including the approval of the company’s stockholders and required regulatory approvals. More information is available in the company press release.

The Kirkland team was led by corporate partners William Sorabella, Stephen Ritchie, Mikaal Shoaib, Sean Rodgers, James Faley, Christopher Thomas and Laura Sullivan, associates Peter Stach and Lauren Yeager, and debt finance partners Christopher Butler, Judson Oswald and Jessica Woolf.