San Francisco – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Saba Software, a portfolio company of Vector Capital, with respect to Cornerstone OnDemand Inc’s agreement to acquire Saba for US$1.395 billion in cash and stock. Saba is a global leader in talent experience solutions with more than 20 years of industry experience developing, delivering and supporting learning, performance and recruiting product solutions.
M&A Partners Steve Camahort and Dana Kromm led the Paul Hastings team, which also included M&A Partner Jeffrey Wolf, Tax Partner Jim Smulkowski, Employment Partner Dan Stellenberg, Finance Partner Lindsay Sparks, Corporate Partner Yariv Katz, Government Contracts Partner Charles Patrizia, IP Partner Todd Schneider, Cybersecurity Partner Sherrese Smith; of counsels Keith Pisani, Michael Wise, Jeffrey Li and Jennifer Riddle; and associates Kristy Wiehe, Chris Cruickshank, Kami LaBerge, Bill McCue, Noah Pinegar, Ryan Enchelmayer, April White, Andrew Erber, Bianca Ponziani, Randall Johnston, and Peter Larson.
The transaction is subject to regulatory approvals and other customary conditions and is expected to close in the second quarter of 2020.
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