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The buyer was happy, the seller was ecstatic and Wilson Sonsini Goodrich & Rosati partner Robert Ishii was just pleased to play a part. The deal that so exuded joy was NetScreen Technologies Inc.’s $265 million acquisition of Sunnyvale’s Neoteris Inc., which was announced Monday. “This is not a situation of a distressed seller,” Ishii said. “Both companies are market leaders, and both companies have great prospects. Everybody was happy.” Ishii, who represented Neoteris, said another reason the deal felt pretty good is because it’s another sign that things are looking up in Silicon Valley’s troubled technology sector. “Relative to the last couple of years, this deal was pretty exceptional,” Ishii said. “We’re seeing better deals coming around.” Sunnyvale-based NetScreen makes software for building secure networks that utilize publicly accessible hardware. Neoteris, backed by Netscape Communications Corp. founder James Clark, makes security software to protect those networks. Ishii led the mergers and acquisitions team on the deal, along with associates Nathaniel Gallon and Jennifer Knapp. Matthew Sonsini was the lead corporate partner on the deal and partner Selwyn Goldberg handled intellectual property. Associate Jason Borrevik fielded employee benefits matters. Fenwick & West represented NetScreen. The deal team comprised partners Matthew Quilter, Douglas Cogen, Lynda Twomey and Horace Nash. Associates Scott Leichtner, Katrin Robb, Melanie Grace, Brian Hicks, Jonathan Stueve and Khang Tran rounded out the team of corporate lawyers. Pitching in were partner Stephen Gillespie and associate Catherine Manley from the technology transactions group and partner Scott Spector, of counsel Valarie McInroy and associate Liza Morgan, all three of whom are compensation and benefits specialists. Fenwick partner Ronald Schrotenboer and associate Eric Boyd fielded tax questions, partner Mark Ostrau handled antitrust issues and associate Karen Kitterman handled trademark questions. CITIZENS BUSINeSS BANK/ KAWEAH NATIONAL BANK Attorneys at Manatt, Phelps & Phillips helped Citizens Business Bank expand its network of California branch offices with its $15.5 million acquisition of Kaweah National Bank. The cash-and-stock transaction consisted of 49 percent cash and 51 percent common stock of Citizens’ parent company, CVB Financial Corp. Announced in May, the acquisition closed Sept. 19 after clearing regulatory hurdles. “In this case, because both institutions were solid financial institutions, the more difficult work was getting up to the deal signing. Once the deal was executed, the regulatory process went relatively smoothly,” said Craig Miller, a partner at Manatt’s Palo Alto office who served as lead attorney for the Citizens team. Miller was assisted by Los Angeles partner William Quicksilver and associate Renee Rayfield. Palo Alto partner David Herbst lent a hand on the deal for employee benefits issues. The deal gives Ontario, Calif.-based Citizens, a longtime Manatt client, an additional four branch offices, for a total of 37 financial centers within the state. Last year, Manatt represented Citizens in its acquisition of Western Security Bank. Kaweah National Bank was represented by Barnet Reitner, of San Luis Obispo’s Reitner & Stuart.

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