Weil, Gotshal & Manges LLP is advising Providence Equity Partners and its portfolio company, 365 Retail Markets, in their acquisition of Cantaloupe, Inc. The transaction is valued at approximately $848 million and will be conducted as an all-cash deal.
Providence Equity Partners holds 365 Retail Markets in its portfolio. The company is known for its innovations in unattended retail technologies. Cantaloupe, a Nasdaq-listed firm, provides comprehensive technology solutions for self-service commerce. The combination of these two companies aims to deliver an integrated unattended retail platform worldwide, encompassing hardware, software, payment processing technology, and data analytics.
The Weil team working on this transaction includes U.S. Private Equity Co-Head Ramona Nee and Mergers & Acquisitions partner James R. Griffin. They are supported by Mergers & Acquisitions partner Claudia Lai and Private Equity partner David Gail, along with counsel Larissa Lucas and associates Janel Simonelli, Reed Ruddick, and Edward Martin from the Mergers & Acquisitions department.
Additionally involved are U.S. Antitrust Co-Head Jeffrey Perry with counsel Carla Hine and Marie-Marie de Fays as well as associates Daniel Baquet and Nya Gavin; Banking & Finance partner Benton Lewis with associate Angela Estrada; Public Company Advisory Group partner Adé Heyliger; Executive Compensation & Benefits partner Jennifer Britz with associate Justine Park; Technology & IP Transactions partner Dennis Adams with associate Adeline Park; Employment partner Rebecca Sivitz with associates Zeinab Bakillah and Clare Godfryd; U.S. Privacy & Cybersecurity Head Olivia Greer with associate Alexis Bello; Regulatory Transaction partner Timothy Welch; Tax partner Noah Beck with associates Kyle Jackson and Sarah Yue.