WilmerHale Advises Progress in $220M Acquisition of Chef
- 9.8.2020
On September 8, Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, announced that it has entered into a definitive agreement to acquire Chef, a global leader in DevOps and DevSecOps. Progress will acquire Chef for $220 million in cash.
Progress provides products to develop, deploy and manage high-impact business applications and Chef will enhance that position by providing compliance and application automation products for multi-cloud and on-prem infrastructure. The acquisition will bolster Progress' core offerings, enabling customers to respond faster to business demands and improve efficiency.
The deal is expected to close in October 2020, subject to customary closing conditions.
The WilmerHale team advising Progress was led by Hal Leibowitz and Andrew Bonnes and included Rebecca Nauta and Benn Waters on corporate and M&A matters, Julie Hogan Rodgers and Meghan Walsh on tax matters, Scott Kilgore and Amy Null on executive compensation and employee benefits matters, Kirk Nahra and Reade Jacob on privacy matters, and Jeff Johnson, Tom Anderson and Chetan Chandra on intellectual property matters.
