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Intuit’s $1.35 billion acquisition of Digital Insight Corp., announced Nov. 30, probably ruined Thanksgiving for many Fenwick & West attorneys, who had to burn the midnight oil when most of us were in a turkey coma. But even if the deal put a slight damper on the holiday, the high number of mergers and acquisitions in the technology sector remains the gift that keeps on giving for tech-focused firms like Fenwick. Intuit, the Mountain View company best known for its Quicken and TurboTax financial software, takes a significant step into the online banking world with the acquisition. Digital Insight, of Calabasas, provides online banking services for thousands of banks. The acquisition is the largest in Intuit’s history. The deal took several weeks to put together, “including very hard work over the holidays from people on all sides,” said Craig Menden, of counsel at Fenwick, who led his firm’s team on the acquisition. Morgan, Lewis & Bockius handled the deal from Digital Insight’s side. “This transaction was one of the most organized deals I’ve been involved in,” said Morgan, Lewis partner William Myers. “Both outside and inside counsel worked extremely hard to meet every deadline, even though it meant that most of the attorneys had to give up their Thanksgiving holiday to make it happen.” The tech sector continues to dominate M&A activity across the country, according to an October report from Thomson Financial. Only eight companies raised money through initial public offerings in the third quarter, while the tech sector saw 52 merger or acquisition deals in the same period of time, Thomson reported. The Fenwick & West transaction team included corporate attorneys Menden, Gordon Davidson, David Michaels, Jeff Vetter, William Hughes, Garth Bossow, Christian Lymn, Kristin O’Hanlon, Shannon O’Sullivan, Gerald Audant, Matthew Rossiter and Jennifer Hill; executive compensation and employee benefits attorneys Scott Spector, Blake Martell, Tahir Naim, Mona Clee, Elizabeth Gartland and William Herochik; technology transactions attorneys Lisa Kenkel, Sergio Garcia, Michael Egger, Jennifer Stanley, Michael Blum, Rochelle Levy Karr, Catherine Manley, Ben Longoria, Spencer Glende, Darren Hutchins, Christopher Joslyn, Lance Stern, Chad Woodford and Tracy Randall; patent attorneys Stuart Meyer, Michael Farn and Parker Zhang; copyright attorney Mitchell Zimmerman; trademark attorney Karen Marie Kitterman; antitrust attorney Mark Ostrau; litigation attorneys Michael Sands and Allen Kato; securities litigation attorneys Kevin Muck and Felix Lee; employment litigation attorneys Patrick Sherman and Mary Wang; and tax attorneys Ron Schrotenboer, Adam Halpern and Neal Gordon. All attorneys were from Fenwick’s San Francisco and Mountain View offices. Joining Morgan, Lewis’s Myers on behalf of Digital Insight were in-house counsel Samanthe Beck and Tae Rhee.

Jessie Seyfer

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