ConvergeOne Announces $1.2 Billion Combination With Forum Merger to Become Public Company

Palo Alto – December 19, 2017 – Cooley advised leading global IT services provider ConvergeOne on its agreement to combine with Forum Merger Corporation, allowing ConvergeOne to become a public company, with an anticipated initial enterprise value of approximately $1.2 billion. The transaction is expected to close in Q1 2018. Cooley partners Mehdi Khodadad and John McKenna led the team advising ConvergeOne. 

Under the terms of the merger, Forum will change its name to ConvergeOne. Clearlake Capital, ConvergeOne’s current private equity sponsor, will remain the largest shareholder in the combined company, which will continue to be led by John A. McKenna Jr., chairman and CEO. 

Founded in 1993, ConvergeOne is a leading global IT service provider of collaboration and technology solutions for large and medium enterprises. Forum Merger Corporation, which trades on The Nasdaq Capital Market as “FCMI,” is a blank check company formed for special purpose acquisitions. 

"Today's transaction announcement marks the beginning of an exciting new chapter in our history,” said McKenna in a news release. “At ConvergeOne, our goal has always been to solve our customers' complex IT business challenges with innovative managed services and solutions. We are now serving over 9,000 diversified clients across various industries. We are proud of our successful partnership with Clearlake and grateful for the resources and industry insights the Clearlake team continues to bring to our business, and we are delighted to be entering into this transaction with Forum to become a publicly-traded company."

In 2014, Cooley advised Clearlake Capital on its acquisition of ConvergeOne from Genstar Capital and on various add-on acquisitions for ConvergeOne since 2014.  

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. 

Cooley has 900 lawyers across 12 offices in the United States, China and Europe.


Related Contacts
John McKenna Partner, Palo Alto
Alan Hambelton Partner, Seattle
Colleen Badgley Associate, Seattle
Yuri Weigel Associate, Seattle
Lois Voelz Senior Counsel, Palo Alto
Peter Burns Partner, Palo Alto
Michelle Lara Special Counsel, San Diego
Mark Windfeld-Hansen Partner, Palo Alto
Jacqueline Grise Partner, Washington, DC
Sharon Connaughton Special Counsel, Washington, DC
Barbara Mirza Partner, Los Angeles
Keith Ranta Special Counsel, Washington, DC
Laura McDaniels Special Counsel, Palo Alto
Mike Faber Senior Counsel, San Francisco
Stephanie Gentile Partner, New York
Erin Kravitz Associate, Palo Alto
Lynn Horwitz Special Counsel, New York
Brian Woodard Paralegal Specialist, Seattle