Thompson Hine, Gunderson Dettmer Lead Centre Lane’s Synacor Buy

Thompson Hine advised private equity firm Centre Lane Partners LLC in a $92 million deal to acquire Synacor Inc., a provider of cloud-based collaboration and identity management software and services.

Silicon Valley firm Gunderson Dettmer is advising Synacor, whose customers include global video, internet and communications providers, device manufacturers, governments and enterprises.

The agreement calls for New York-based Centre Lane to launch a tender offer to acquire all issued and outstanding shares of Synacor common stock for $2.20 per share in cash, and then to acquire all remaining shares of Synacor at the same price through a second-step merger.

After closing, expected during or prior to the second quarter of 2021, all Buffalo, N.Y.-based Synacor’s common stock will be delisted from the Nasdaq Stock Market, according to a statement.

“Partnering with Centre Lane, a firm with $2 billion of capital under management and an established track record of helping software companies scale, provides our stockholders with compelling value while benefiting our customers and employees,” said Synacor chief executive officer Himesh Bhise.