DLA Piper represented Paris-based Neopost, a global leader in digital communications, logistics and mail solutions, in two recent merger and acquisition matters.
The first matter was Neopost's US$100 million-plus acquisition of privately held Parcel Pending, Inc., a leader in the North American parcel-locker market. Headquartered in Irvine, California, Parcel Pending was founded in 2013 and reported revenue in 2018 in excess of US$30 million. Parcel Pending, is the leading package solution provider for residential, commercial, retail and universities across the United States and Canada.
The second matter was Neopost's sale, for an amount in excess of US$70 million, of its subsidiary doing business as Satori Software, one of the leaders in address quality solutions in the United States, to Thompson Street Capital Partners (TSCP), the owner of BCC Software, a provider of postal management software.
The DLA Piper team was led by partner Brandee Diamond (Silicon Valley), and included partners Rajiv Dharnidharka, Jeffrey Aronson, SeoJung Park, William Hoffman, Nathaniel McKitterick (all of Silicon Valley), Mark Boxer (San Francisco), Thomas deButts, Jennifer Kashatus (both of Washington DC), and Paolo Morante (New York); senior counsel Sandra Bell (Washington, DC); of counsel Ben Gipson (Los Angeles); associate counsel Tamara Hunter (Vancouver); and associates Matthew Van Leeuwen, Patrick Chao (both of Sacramento), Philipp Tsukanov, Eric Chow, Syeda Nawroj (all of Silicon Valley), Daniela Pardo (Santiago), Katie Lee (Houston), Thomas Reynolds, Eric Roberson (both of Washington, DC), and Zachary Nolan.
