Ropes & Gray Advises HP Inc. in its Acquisition of Poly
Ropes & Gray advised HP Inc. in its acquisition of Poly Inc., an audio and video devices maker, in an all-cash transaction for $40 per share, implying a total enterprise value of $3.3 billion, inclusive of Poly’s net debt. The transaction was announced on March 28. The press release is here.
Poly is a leader in video conferencing solutions, cameras, headsets, voice and software. HP Inc. is a multinational information technology company headquartered in Palo Alto, Calif.
The Ropes & Gray team that advised HP was led by mergers & acquisitions partner Sarah Young (New York) and included benefits partners Ellen Sueda (San Francisco) and Renata Ferrari (Boston), IP transactions partners Regina Sam Penti (Boston) and Kevin Post (New York), tax partner Benjamin Rogers (San Francisco), IP transactions counsel Christopher Han (New York), IP litigation partner David Chun (Silicon Valley), commercial & securities litigation partner David Hennes (New York) litigation & enforcement counsel Tina Yu (Shanghai), real estate counsel Chrystal LaRoche (New York), real estate partner Peter Alpert (Boston), data, privacy & cybersecurity partner Edward McNicholas (Washington, D.C.), leverage finance partner Arek Maczka (New York) and mergers & acquisitions associates Rami Mosrie (New York), Jeffrey Bashara and Corinne Maguire (both of Boston).