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Olshan Represents GlobalSCAPE in Merger Agreement with HelpSystems

July 20, 2020

Olshan represented GlobalSCAPE, a leader in the secure managed file transfer software industry, in its definitive merger agreement under which HelpSystems will acquire GlobalSCAPE. The combined company would focus on providing the most comprehensive collection of trusted security and automation solutions to customers worldwide. Under the terms of the agreement, HelpSystems has agreed to acquire all of the outstanding shares of GlobalSCAPE for $9.50 per share. The transaction is structured as a tender offer followed by a merger, valued at approximately $217 million, including debt to be refinanced. The transaction will be funded with cash on hand and new debt. Jefferies Finance LLC and credit funds affiliated with Charlesbank Capital Partners LLC have provided a commitment to HelpSystems to provide the necessary debt financing. Stephens Inc. is serving as the exclusive financial advisor to GlobalSCAPE regarding the transaction, including the go-shop process. B. Riley FBR delivered a fairness opinion to the board of directors of GlobalSCAPE. Adam Finerman led the Olshan team that represents GlobalScape, which included: Corporate: Kenneth Schlesinger, Claudia Dubón and Sarah Matchett; Litigation: Thomas Fleming, Jeremy King and Peter Sartorius; Intellectual Property: Mary Grieco; Employee Benefits: Stephen Ferszt; Real Estate: Hyman Kindler and Tax: Mark Limardo.

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