Kessler Topaz is investigating claims on behalf of current shareholders of EngageSmart, Inc. (NYSE: ESMT) ("EngageSmart"), related to its announcement that it would be acquired by by Vista Equity Partners.
The Company’s public shareholders will receive $23 per share for their common stock, only a 23% premium to the Company’s unaffected stock price. Meanwhile, the Company’s controlling shareholder, General Atlantic (which currently owns 52% of the Company’s common stock) stands on both sides of the merger—selling a portion of its holdings, but also rolling over a substantial portion (upon completion of the transaction, General Atlantic will own 35% of the post-close entity). Our investigation concerns whether the proposed transaction represents a fair price to EngageSmart, Inc.’s shareholders and whether it is the result of a fair process.
Contact us today if you are a current shareholder of EngageSmart, Inc. (NYSE: ESMT). You can fill out our online form below, call us at 484-270-1453 or email us at info@ktmc.com.