Bending Spoons, an European technology company based in Milan, Italy, has reached a definitive agreement to acquire Evernote. Financial terms of the deal were not disclosed. The transaction is subject to customary closing conditions and is expected to be completed in early 2023.
Evernote has approximately $100 million in recurring revenue, according to a statement by the companies.
LionTree Advisors served as exclusive financial advisor to Evernote and Latham & Watkins served as legal advisor fo.
Allen & Company served as financial advisor, Willkie Farr & Gallagher served as lead U.S. counsel, Hogan Lovells served as counsel in China, Carey served as counsel in Chile for Bending Spoons, and KPMG provided financial and tax due diligence services.
You can find a blog post by Ian Small, CEO of Evernote here.
[Image courtesy: Evernote]