Life360 has acquired electronics company Tile and completed a $280 million capital raise in a move to support their continued growth.
Firm: DLA Piper (Life360).
Deal: Global law firm DLA Piper has advised location-sharing technology company Life360 on its $280 million equity raise and the acquisition of Tile.
Value: $280 million.
Area: M&A, finance.
Key players: DLA Piper corporate partners David Ryan and Kelly Morrison led the transaction, supported by solicitors Kayla Stathis and Andrew Heiner.
Deal significance: Under the terms of the agreement, Life360 has agreed to acquire 100 per cent of Tile for up to US$205 million (approximately $282 million).
Commenting on the deal, Mr Ryan said: “This is an incredibly exciting opportunity for Life360 and Tile, and we are delighted to see the collaboration between these two companies. We have worked with Life360 for a number of years, and we look forward to seeing the business continue to grow.”