Ropes & Gray Represents ServiceMax in its Agreements to Go Public on the Nasdaq, and to Acquire LiquidFrameworks
Ropes & Gray represented ServiceMax, Inc., the leader in asset-centric field service management, in a business combination agreement with Pathfinder Acquisition Corporation, a publicly traded special purpose acquisition company to become a publicly traded company. ServiceMax is expected to be listed on the Nasdaq Stock Exchange under the symbol "SMAX."
Concurrently, Ropes & Gray represented ServiceMax in an agreement to acquire LiquidFrameworks, a leading mobile field operations management solutions company specializing in the energy industry. Existing ServiceMax investors Silver Lake, Salesforce Ventures, and GE are retaining their full equity ownership in ServiceMax. Terms of the transactions, which were announced on July 15, were not disclosed. The press releases are here and here.
The Ropes & Gray team that advised ServiceMax included tax partners Adam Greenwood (New York) and David Saltzman (Boston), mergers & acquisitions partners Rachel Phillips and Sarah Young (both of New York), private equity partner Eric Issadore (San Francisco), employment, executive compensation & benefits partner Loretta Richard (Boston), employment, executive compensation & benefits counsel Stephanie Bruce (Boston), litigation & enforcement partner Michael McFalls (Washington D.C.), litigation & enforcement counsel Steven Kaye (Boston) and ESG and M&A partner Michael Littenberg (New York).