Vertex, Inc. (NASDAQ: VERX), a global provider of indirect tax solutions, has announced that it commenced a public tender offer for 100% of the shares of Pagero Group AB (publ), a growth-oriented global SaaS company listed on the Nasdaq First North Growth Market. Vertex, Inc. intends to fund the transaction in part with proceeds from the issuance of US$500 million of convertible preferred stock and warrants to Silver Lake, the global leader in technology investing. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions.
Latham & Watkins LLP represented Vertex, Inc. in the financing with a corporate team led by partners Joel Trotter, Charles Ruck, Reza Mojtabaee-Zamani, and Christopher Clark, counsel William Hackett, and associates Shawn Noh, Kaan Ulgen, and Kevin Zhang. Advice was also provided on tax matters by partners Elena Romanova, Bora Bozkurt, and Aaron Bernstein.
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