Fenwick & West lawyers had a big job guiding tax software giant Intuit Inc. through a recent $1.33 billion acquisition. The company's first venture into the debt capital markets, for its acquisition of online banking provider Digital Insight, was no small step -- $1 billion. But it was all in a day's work for Fenwick partner David Michaels, who last year helped Symantec with a public debt offering of $2.2 billion and aided Cisco with its $6.5 billion bond offering.
March 26, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Fenwick & West lawyers had an interesting job guiding longtime client Intuit Inc. through a $1.33 billion acquisition that involved the software maker’s first use of debt financing.
Fenwick partner David Michaels said that as tech companies grow, they begin to consider a wider set of financing alternatives in bank and capital markets. He said Intuit is the latest in a string of Silicon Valley companies adopting debt as a financing option.
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