Latham & Watkins Advises Global-e on US$500 Million Acquisition of Flow Commerce
Latham & Watkins advised Global-e (NASDAQ: GLBE), the world’s leading cross-border end-to-end platform for brands and retailers, on its definitive agreement to acquire Flow Commerce Inc. (Flow), a technology based cross-border e-commerce software solution for emerging brands.
Global-e agreed to acquire Flow for an aggregate purchase price of up to approximately US$500 million (in equal portions of cash and Global-e shares), comprised of a base consideration of approximately US$425 million and up to approximately US$75 million in potential additional consideration based on certain financial results in 2021, plus approximately US$45 million in Global-e shares for certain assumed, performance-based vesting warrants for Flow shares.
The Latham team was led by London corporate
partner Josh Kiernan, New York securities counsel Irina Yevmenenko, and
associate Gilad Zohari; advice on antitrust matters was provided by Washington,
D.C. partner Ian Conner and counsel Peter Todaro; and on regulatory matters by
Washington, D.C. partner Jim Barker.