Wyrick Robbins Advises Blackbaud in Merger Agreement with Convio
RALEIGH, NC—Wyrick Robbins served as lead counsel to its long-time client, Blackbaud, Inc., in connection with the company’s entry into a definitive merger agreement with Convio, Inc.
Under the terms of the agreement, Blackbaud will acquire all outstanding shares of common stock of Convio for $16.00 per share, representing a premium of 49% compared to Convio’s recent closing price and an aggregate equity purchase price of approximately $330 million.
The primary Wyrick Robbins attorneys involved were James L.S. Cobb (Partner), Rishi J. Kotiya (Associate), Donald R. Reynolds (Partner), Charlotte L. Tart (Partner), and S. Halle Vakani (Associate). All are members of the firm’s Capital Markets/M&A Practice Group in Raleigh, North Carolina.
About Blackbaud, Inc.
Serving the nonprofit and education sectors for 30 years, Blackbaud (NASDAQ: BLKB) combines technology and expertise to help organizations achieve their missions. Blackbaud works with more than 25,000 customers in over 60 countries that support higher education, healthcare, human services, arts and culture, faith, the environment, independent K-12 education, animal welfare, and other charitable causes. The company offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising, eMarketing, social media, advocacy, constituent relationship management (CRM), analytics, financial management, and vertical-specific solutions. Using Blackbaud technology, these organizations raise more than $100 billion each year. Recognized as a top company by Forbes, InformationWeek, and Software Magazine and honored by Best Places to Work, Blackbaud is headquartered in Charleston, South Carolina and has employees throughout the US, and in Australia, Canada, Hong Kong, Mexico, the Netherlands, and the United Kingdom. For more information, visit www.blackbaud.com.
About Wyrick Robbins
Wyrick Robbins is an entrepreneurial law firm with a focus on growth-oriented businesses. The firm handles financial and corporate transactions and complex commercial litigation as well as other legal needs of dynamic companies. In addition, Wyrick Robbins attorneys serve as trusted advisors to founders, investors, directors, and management.
For more information:
Jennifer Herendeen
jherendeen@wyrick.com
919.781.4000