Transactions
May 30, 2001
Christensen Miller: L.A.'s Gores Technology Will Purchase Verifone
Investment firm Gores Technology Group has agreed to buy VeriFone Inc., a maker of credit card payment systems, from Hewlett-Packard Co. Terms of the deal have not been disclosed. But Hewlett Packard reportedly bought VeriFone four years ago for $1.15 billion.
Terms of the deal have not been disclosed. But Hewlett Packard reportedly bought VeriFone four years ago for $1.15 billion.
Based in Los Angeles, Gores Technology Group is a privately held buyout firm that acquires and manages technology businesses. Founded in 1992, it has acquired 30 companies.
Santa Clara's VeriFone is a supplier of electronic payment equipment such as point-of-sale software and terminals, smart-card and check readers, receipt printers, and Internet-commerce software. Some of its customers are Ruth's Chris Steak House and Hollywood Entertainment Corp.
Gores Technology Group general counsel Eric Hattler tapped Los Angeles' Christensen Miller Fink Jacobs Glaser Weil & Shapiro for representation. Partners Jeffrey Soza and Stanley Heyman and associate Edward Schultz worked on the deal.
Hewlett Packard's in-house counsel Melanie Vinson called on Palo Alto's Wilson Sonsini Goodrich & Rosati for representation. Partner Adam Dolinko led the deal team, which included partners Selwyn Goldberg, Marc Gottschalk and Ivan Humphreys and associates Paul Shinn, Regina Fong, Michael Walker, Lisa Konie, Ellen Kelly Morton, Jim McCann, Tom Morrell, Wendy Theophilos, Corky Ledbetter, Susan Morse, Rudy Gelly and Kelly Morehead.
Victoria Newman
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