Latham Advises CoStar Group in US$730 Million Acquisition of Vexcel

CoStar Group, Inc. (Nasdaq: CSGP), a leading global provider of online real estate marketplaces, information, analytics, and digital twins in the property markets, has announced that it has entered into a definitive agreement to acquire Vexcel Group, Inc., the operator of one of the world’s largest survey-grade aerial imagery programs, for approximately US$730 million in cash.

Latham & Watkins LLP represented CoStar in the transaction with a corporate team led by Orange County partner Daniel Rees, with associates Abby Timmons, Ashley Campfield, Blake LaClaire, and Ashley Nelson, and assistance from Yen Hoang. Advice was also provided on benefits matters by Washington, D.C. partners David Della Rocca and Nikhil Kumar, with associates Hayden Rutledge and Julia Harriman; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Dena Behnam; on data privacy matters by Bay Area partner Robert Blamires and London/Dubai counsel Danielle van der Merwe,* with associates Kathryn Parsons-Reponte and Kate Burrell; on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Nolon Blaylock; on antitrust matters by Washington, D.C. partner Farrell Malone and London/Brussels partner David Little, with associates James Mathieson and Nayantara Ravichandran; on labor matters by New York partner Sandra Benjamin, with associate Alexis Grinstead; on representations and warranties insurance matters by Los Angeles partner Harrison White; on FCPA and anti-bribery matters by Washington, D.C. counsel Christopher D’Agostino, with assistance from Eliane Bejjani; on Spanish labor and employee benefits matters by Madrid partner Naiara Rodriguez-Escudero; on government contracts matters by Washington, D.C. partner Dean Baxtresser and counsel Keith Feigenbaum, with associate Pascal Jakowec; and on sanctions matters by associate C.J. Rydberg and assistance from Zachary Ham.