27 04 2016

Brocade Communications Systems acquires Ruckus Wireless for $1.2 Billion

Paul Hastings LLP is advising Brocade Communications Systems (Brocade), a leading global networking solutions company, on its acquisition of Ruckus Wireless (Ruckus).


Based on the closing price of Brocade’s stock on April 1, 2016, the cash and stock transaction values Ruckus at approximately $1.5 billion and may fluctuate until close. Net of estimated cash acquired, the transaction value is approximately $1.2 billion. The combination of Brocade and Ruckus is expected to create a pure-play networking company that has market-leading solutions spanning from the most critical part of the data center to the wireless network edge. Evercore Partners is serving as financial adviser to Brocade. Brocade Communications Systems, Inc. provides switching solutions for storage area networks (SAN). The Company's switching solutions utilize the fiber channel interconnect protocol. The company, led by Lloyd A Carney, Christine A Heckart, Ellen A O'Donnell, Kelly M Herrell and Daniel William Fairfax, is based in San Jose (CA). Corporate partners Rob Carlson (Picture) and Claudia Simon led the deal team, which also included partners Michael Chernick, Stephen Harris, Scott Hataway, Tiffany Lee , Michael Zuppone, of counsel Meagan Olsen, and associates Vincent Buehler and Carolyn Nguyen. Sullivan & Cromwell LLP is advising Ruckus with a team including Alexandra D. Korry, Sarah P. Payne, Helen Lu, Willa L. Gotlin, Miaoting Wu, Ari B. Blaut, Matthew M. Friestedt, Kristen B. Klein, Nader A. Mousavi and Mehdi Ansari.
Skadden Arps Slate Meagher & Flom LLP is advising Evercore with a  team including Kenton King, Leif King, Kristin Davis, Sonia Nijjar and Barnaby Gibson. Involved fees earner: Rob Carlson - Paul Hastings; Claudia Simon - Paul Hastings; Tiffany Lee - Paul Hastings; Meagan Olsen - Paul Hastings; Vinnie Buehler - Paul Hastings; Carolyn Nguyen - Paul Hastings; Michael L. Zuppone - Paul Hastings; Michael Chernick - Paul Hastings; Stephen Harris - Paul Hastings; Scott Hataway - Paul Hastings; Alexandra Korry - Sullivan & Cromwell; Sarah Payne - Sullivan & Cromwell; Helen Lu - Sullivan & Cromwell; Willa Gotlin - Sullivan & Cromwell; Miaoting Wu - Sullivan & Cromwell; Kristen Klein - Sullivan & Cromwell; Matthew Friestedt - Sullivan & Cromwell; Nader Mousavi - Sullivan & Cromwell; Mehdi Ansari - Sullivan & Cromwell; Ari Blaut - Sullivan & Cromwell; Kenton King - Skadden Arps Slate Meager & Flom; Leif King - Skadden Arps Slate Meager & Flom; Sonia Nijjar - Skadden Arps Slate Meager & Flom; Barnaby Gibson - Skadden Arps Slate Meager & Flom; Kristin Davis - Skadden Arps Slate Meager & Flom;

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