Magnet Forensics Inc., a Canadian developer of digital investigation solutions for enterprises and public safety organisations, announced the closing of the previously announced plan of arrangement with Morpheus Purchaser Inc., a newly created corporation controlled by Thoma Bravo, a leading software investment firm, whereby Morpheus acquired all of the issued and outstanding subordinate voting shares and multiple voting shares of Magnet Forensics, subject to the terms and conditions of the definitive arrangement agreement entered into on January 20, 2023.

Dentons advised the Special Committee of the Board of Directors of Magnet Forensics Inc., leading the negotiations of the acquisition and playing an instrumental role in the structuring of this cross-border transaction which involved navigating many related party issues, including requiring a valuation, dual share classes and multiple votes.

Dentons’ cross-practice legal team was led by Jason Saltzman and Thomas Redekopp, and included Rocky Swanson (Corporate/M&A), Larry Nevsky (Tax), Ausra Deluard (US HSR), Kirsten Thompson (Privacy), Panagiota Dafniotis (IP), Matthew Fleming and Ara Basmadjian (Litigation).

The current cross-border M&A landscape is full of exciting opportunities, and Dentons is the legal and strategic business partner of choice for companies looking for growth opportunities in new markets. Read our recent report, The shifting tides of cross-border M&A, for everything you need to know when considering potential mergers and acquisitions, in Canada, the US or overseas.