Shearman & Sterling is advising Francisco Partners on its acquisition of Vendavo, Inc., a leader in business-to-business (B2B) pricing solutions. Financial terms of the transaction were not disclosed.
Based in Mountain View, Calif., Vendavo provides revenue and price optimization and management solutions for B2B mid-market and enterprise companies. Francisco Partners is a global private equity firm focused exclusively on investments in technology and technology-enabled services businesses.
The Shearman & Sterling team included partner Larry Crouch (Palo Alto-Tax); counsel Eileen O’Pray (Palo Alto-Tax) and Dan Stellenberg (San Francisco-Compensation, Governance & ERISA); and associates Christine Huang (San Francisco-Mergers & Acquisitions), Beth Meyer (San Francisco-Mergers & Acquisitions), Zheng Bao (Palo Alto-Intellectual Property Transactions), Ben Peterson (Palo Alto-Intellectual Property Transactions), Ryan Bray (Palo Alto-Tax), Stephanie Monastra (New York-Compensation, Governance & ERISA) and Kelly Karapetyan (New York-Antitrust).