Orrick Advises Shopify in $450 Million Acquisition of 6 River Systems

September.09.2019

Orrick advised Ottawa-based Shopify Inc. (NYSE: SHOP), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, in its proposed acquisition of 6 River Systems, a provider of collaborative warehouse fulfillment solutions.

Under the terms of the agreement, Shopify will acquire all of 6 River Systems’ outstanding securities in a transaction valued at $450 million, consisting of 60% cash and 40% in Shopify Class A Subordinate Voting Shares. Additional information is available in Shopify’s press release.

The Orrick team was led by David Schwartz and included David Gold, Jamie Kamen, John Narducci, Juliano Banuelos and Jared Bobrow.