DLA Piper represents ACTIVE Network in $1.05 billion private equity deal
DLA Piper represented ACTIVE Network, a San Diego-based software company, in its $1.05 billion acquisition by Vista Equity Partners, the largest Internet leveraged buyout in 2013.
Vista acquired all of the outstanding shares of ACTIVE Network’s common stock for $14.50 per share in cash, representing a premium of approximately 111 percent to ACTIVE Network’s year to date average closing stock price at the time of the announcement of the acquisition.