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Kirkland, Sidley Guide PE Firm Siris’ $2B Internet Co. Buy

Law360 (June 21, 2018, 1:08 PM EDT) -- Private equity firm Siris Capital Group LLC said on Thursday it has agreed to acquire a provider of internet services and online marketing solutions in an all-cash transaction valued at approximately $2 billion, an offer that was guided by Kirkland & Ellis LLP and Sidley Austin LLP.

New York-based Siris will acquire Florida-based Web.com Group Inc. through an affiliated unit that will pay $25 per share for Web.com’s outstanding stock. The price is a 30 percent premium on Web.com’s 90-day volume weighted average as of Tuesday....
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