White & Case advises Shutterstock on US$245 million acquisition of Envato

Global law firm White & Case LLP has advised Shutterstock, Inc., a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, on its entry into a definitive agreement to acquire Envato Pty Ltd., a leader in digital creative assets and templates, for US$245 million.

The acquisition complements Shutterstock’s existing platform and, upon closing, is expected to expand the company’s reach to faster-growing audiences, increase its revenue, bolster its existing content library and diversify its offering.

Shutterstock is the leading global platform for licensing from the most extensive and diverse collection of high-quality 3D models, videos, music, photographs, vectors and illustrations, and offers the most comprehensive selection of resources to bring storytelling to life.

The White & Case team was led by M&A partners Kimberly Petillo-Décossard and Ross Sturman (both in New York). The team also included M&A partners Tom Matthews (London) and Henri Capin Gally Santos, local partner Roman Gonzalez Melo (both in Mexico City), associates Joseph Rosati, Kai Glick (both in New York), Leslie Lin (Houston), Alfonso Suárez Fabián (Mexico City), Megan Irons, Lucy Raffel (both in Sydney), Stephen Carlton (Melbourne), Nick Crawford and Sofia Rautavuori (both in London), and law clerk Bridget Costello (New York); Technology Transactions partner Arlene Arin Hahn, and associates Mark Kim and Jarrah Al-Buainain (all in New York); Antitrust partners Stefanie Benson (Sydney) and Marc Israel, and associates Joao Lacerda (both in London) and Rachael Stowasser (Sydney); Tax partners David Dreier (New York) and Aldrin De Zilva, counsel Igor Golshtein and Tim Neilson (all in Melbourne), and associates Nir Fishbein, Adriana Zhan (both in New York) and Bridget Mullins (Sydney); Employment, Compensation & Benefits partner Victoria Rosamond, counsel Aaron Feuer (both in New York) and associate Otto Nuñez-Montelongo (Washington, DC); Debt Finance partners Eliza McDougall and Yehuda Rubel, and associate Jessy Van Kooten (all in New York); Data, Privacy & Cybersecurity partner F. Paul Pittman (Washington, DC); International Trade partner Cristina Brayton-Lewis (Washington, DC); Environment & Climate Change partner Taylor Pullins (Houston); International Arbitration associates Dara Brown (Washington, DC) and Taylor Gillespie (New York); and Commercial Litigation associate Abdul Hafiz (New York). Graduate Vidushi Sinha (Sydney) and law clerk Mac Hartman (Miami) also assisted on the matter.

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