Appleby Advised Lexmark For Kofax Acquisition

May 22, 2015

Appleby acted as Bermuda counsel to Lexmark International, Inc. [Lexmark] in relation to its acquisition of Kofax Limited [Kofax]. Lexmark and Kofax entered into a merger agreement pursuant to which Lexmark acquired all of the outstanding shares of Kofax for $11.00 per share in cash for a total enterprise value of approximately US$1billion, net of cash acquired.

The Appleby team was led by Partner Tonesan Amissah and assisted by Associate Gary Harris.

Tonesan Amissah commented: “It was a pleasure working with Lexmark on this merger transaction which will see Lexmark nearly double the size of its enterprise software business to an approximately $700 million business.”

Lexmark is a leading provider of printing and imaging products, software, solutions and services. Kofax is a leading provider of smart process applications.

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