EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has announced the pricing of an underwritten public offering of 8,000,000 shares of its common stock at a public offering price of US$19.00 per share, before deducting underwriting discounts and commissions, all of which are being sold by certain of EngageSmart’s stockholders, including affiliates of General Atlantic, L.P. and Summit Partners and certain members of the Company’s management (collectively, the Selling Stockholders). Certain of the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The Selling Stockholders will receive all of the proceeds from the offering. EngageSmart is not selling any of its shares in the offering and will not receive any of the proceeds from the sale of shares in the offering. The offering is expected to close on March 3, 2023, subject to the satisfaction of customary closing conditions.
Latham & Watkins LLP represents EngageSmart in the offering with a New York capital markets team led by partners Ian Schuman, Stelios Saffos, and Brittany Ruiz, with associates Sandy Kugbei, and James Sullivan. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim and Washington, D.C. partner Cheryl Coe, with associate Ted Gkoo; on public company representation matters by New York counsel Emily Corbi, with associate Jamie Conn; and on executive compensation & benefits matters by New York partner Bradd Williamson, with associate Dan Gocek.
