SAN FRANCISCO and MOUNTAIN VIEW, Calif. — September 11, 2004 LAWFUEL – Best for law news, mergers & acquisitions, legal news, law research Fenwick & West LLP represented its client Cisco Systems, Inc. in its proposed acquisition of NetSolve, Incorporated, announced today. NetSolve, based in Austin, Texas and traded on the Nasdaq Stock Market, is a leading provider of remote network and IT infrastructure management services for businesses. Cisco will pay $11 in cash per share of NetSolve stock, and convert NetSolve options into options to purchase Cisco stock, for an aggregate transaction value of approximately $137 million. The transaction is subject to customary closing conditions and is expected to close by the end of 2004.
The NetSolve transaction marks Fenwick & West’s eighth acquisition for Cisco this year. Fenwick’s transaction team included partners Doug Cogen (co-chair of the firm’s M&A group), Lynda Twomey (corporate), Scott Spector (employee benefits), Lisa Kenkel (intellectual property), Larry Granatelli (patents), Walt Raineri (tax) and Mark Ostrau (antitrust), of counsel Michael Egger, and associates Michael Farn, Devin Gensch, Greg Sato, T.J. Hall, Karen Kitterman, Matt Rossiter, Andrew Kim, Catherine Manley, Blake Martell, Michael Tang, Liza Morgan, Diana Lock, Darci Winvick, Catherine Donohoe, Michael Hopp, Elizabeth Gartland and John Lister, and paralegals Maryann Fratto, Stephen Gillen and Lana Krtolica.
NetSolve was represented by Hunton & Williams LLP and Gray Cary Ware & Freidenrich, LLP.