SAN FRANCISCO With a $794 million debt and equity recapitalization, online survey company SurveyMonkey is forgoing an initial public offering, at least for a time.
A Skadden team lead by Palo Alto-based partner Leif King advised the company on the deal announced Thursday. SurveyMonkey took on $350 million in new debt that it will use for share repurchases and to refinance existing debt. Early investors in the company also sold another $444 million in equity to shareholders including CEO David Goldberg and the hedge fund Tiger Global Management and to Google Inc., which is investing in the company for the first time.
