News & Insights

Gunderson Dettmer provides a range of its recent fund formation deals that were closed. 

In a partnership with Searchlight Capital Partners, Rêv Worldwide enters into a definitive agreement to acquire the Netspend consumer business from Global Payments in an all-cash transaction valued at $1 billion. 

The Coronavirus Aid, Relief and Economic Security Act (the CARES Act) was signed into law on March 27, 2020. Included in this economic stabilization package are several business tax related provisions, including:

• A payroll tax credit for employers affected by the coronavirus (COVID-19) pandemic;
• A payroll tax deferral for all employers for the rest of 2020;
• An expansion of the use of net operating losses;
• An acceleration of refunds for unused corporate alternative minimum tax (AMT) credits;
• A temporary increase on business interest deductions; and
• Bonus deprecation status for qualified improvement property.

Leading provider of digital asset infrastructure for financial institutions, Ripple, announces its agreement to acquire prime broker Hidden Road for $1.25 billion

Gunderson Dettmer advises The Raine Group as an investor in Tastemade’s acquisition by food delivery company, Wonder

Anduril announces its acquisition of the Radar and Command and Control businesses of Numerica Corporation

Gunderson Dettmer was recognized as a winner in the 15^th Annual Mergers and Acquisitions Top Middle-Market Deals of the Year for its representation of Foresight Sports in its acquisition by Vista Outdoor and The Athletic in its acquisition by The New York Times, two out of the thirteen winning deals for the categories Media and Consumer Products and Outdoor Recreation.

Gunderson Dettmer earned "Deal of the Year for Asia," "Best M&A Deal in Asia" and "Best India Deal" in FinanceAsia’s Achievement Awards 2018 for its work in the US$16 billion acquisition of Flipkart Group by Walmart Inc. Gunderson served as international and M&A counsel to Flipkart Group, one of India’s largest e-commerce marketplaces, in the deal that made Walmart Inc. its largest shareholder. With the completion of the investment, Walmart now holds approximately 77 percent of Flipkart and the deal is reported to be the most highly-valued e-commerce deal in history.

Gunderson Dettmer has been named a finalist in four categories for the 17^th Annual M&A Advisor Awards: Corporate/Strategic Deal of the Year ($100M-$250M); Private Equity Deal of the Year ($10M-$50M); M&A Deal of the Year ($25M-$50M) and Information Technology Deal of the Year ($10-$50M).