A fairly straightforward “reverse triangle merger” — a $160 million deal between Concur Technologies Inc. and H-G Holdings Inc. — had a more unusual technological twist, says Fenwick & West partner David Bell.
A time crunch in the cross-country deal was alleviated by “virtual data rooms” — secure, online depositories for the piles of documents gleaned and created in the bidding process –Bell said. The buyer, Fenwick client Concur, is in Redmond, Wash., while H-G Holdings is in Eden Prairie, Minn., and was being represented by New York firm Fried, Frank, Harris, Shriver & Jacobson.
