Sidley is representing Blucora, Inc. in its agreement to sell TaxAct, its tax software business. Under the terms of the transaction, an affiliate of Cinven will purchase TaxAct for US$720 million in cash, subject to adjustment. The transaction is expected to close by the end of 2022. Following the closing, Blucora, Inc. will be a pure-play U.S. independent broker-dealer and investment advisor that provides tax-focused wealth management solutions.
The Sidley team is being led by Beth Berg (M&A), and includes Scott Williams, Jessica Day, Brendan McCartney, and Spencer A. Lee (M&A); Kelly Dybala (Global Finance); Gregory A. Marrs and Corey Perry (Employee Benefits and Executive Compensation); Karen Kazmerzak, Laura Collins, and Edward Sharon (Antitrust/Competition); and Suresh T. Advani (Tax).
