Johnson Winter & Slattery has advised Microsoft Corporation (USA) on its acquisition of Brisbane-based video editing software start-up Clipchamp.
Clipchamp was founded by a group of former SAP employees in 2013 and is known for its simple-to-use video editing software.
Microsoft purchased the company from its founders Alexander Dreiling, Sören Balko, David Hewitt and Tobi Raub, as well as investors including Transition Level Investments and associated investment syndicate TEN13.
As part of the deal, Clipchamp’s founders will move over to the US tech giant joining its 365 division, remaining Brisbane based.
The Johnson Winter & Slattery team was led by Partners Sophia Bobeff and Jeremy Davis, who were supported by Associate Claudia McEwen and Law Graduate Jonathan Goodrich. Partner Ruveni Kelleher and Associate Meg Prouatt advised on the employment aspects of this transaction, Partner Prashanth Kainthaje and Special Counsel Julian Wan advised on the tax aspects and Partner Ravi de Fonseka and Special Counsel Ken Chan advised on IP aspects.
Partner Sophia Bobeff said the firm was proud to support Microsoft on this international transaction.
“This transaction will enable Microsoft to deliver an easy to use video editing solution to its customers across the globe and marks a new phase in the growth of Clipchamp. There has been a significant uptick in tech M&A over the last 18 months, driven by increasing demand for technology solutions since the onset of the COVID pandemic. We are delighted to have supported yet another important transaction in Australia’s blooming tech sector. ”
Johnson Winter & Slattery has built a strong reputation for advising US buyers and multinationals acquiring global businesses with Australian operations, particularly in the technology space. The firm has advised on many of the markets most significant transactions in this space, including:
Perkins & Coie provided US counsel to Microsoft and DLA Piper advised the sellers.
About Johnson Winter & Slattery
Johnson Winter & Slattery is an independent national Australian law firm with over 65 partners and offices across Australia. We advise major Australian and international corporations and investment funds on their most challenging transactions and disputes across Australia and surrounding regions. Working closely with clients, knowing their business, and appreciating their commercial objectives, we tailor our approach to deliver cost-effective commercial outcomes.
Daya Knapton, Communications Manager
T: +61 2 8247 9638
Kate Potter, Business Development Director
T: +61 2 8247 9659
Be the first to receive the latest articles, news and publications.