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).
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.”
Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
