Filed by LogMeIn, Inc.
Pursuant to Rule 14a-12 under the Securities Exchange Act of 1934
Subject Company: LogMeIn, Inc.
Commission File No.: 001-34391
This filing relates to the proposed merger (the Merger) of LogMeIn, Inc., a Delaware corporation (LogMeIn), and Logan
Merger Sub, Inc., a Delaware corporation (Merger Sub) and a direct wholly owned subsidiary of Logan Parent, LLC, a Delaware limited liability company (Parent), pursuant to the terms of that certain Agreement and
Plan of Merger, dated as of December 17, 2019, by and among LogMeIn, Parent and Merger Sub (the Merger Agreement).
The following email was sent to employees of LogMeIn, Inc. on December 17, 2019
From: Bill Wagner
To: Employees of LogMeIn
Subject: A new path for LogMeIn
Hi everyone,
This is an exciting day for LogMeIn as we look
forward to the next chapter of our strategic growth, and Im happy that I can now directly address much of the rumors and speculation about LogMeIn you may have seen or heard over the past few weeks.
Today we announced that weve signed a definitive agreement to be acquired by affiliates of Francisco Partners, a leading technology-focused global
private equity firm, and Evergreen Coast Capital Corporation, the private equity affiliate of Elliott Management Corporation that focuses on technology investments, for approximately $4.3 billion in cash. At $86.05 per share, our Board of
Directors believes this transaction provides shareholders with a certain cash offer at a compelling valuation, while delivering significant benefits for employees, customers and partners, as well.
Before diving into more details, let me share a bit of the why and why now. Over the past year, weve made progress pursuing our growth strategy as we
make the transition from being a leader in our legacy businesses into a significant player in three much larger, faster growing adjacencies: UCC, Identity, and Digital Engagement. In Francisco Partners and Evergreen, we will gain experienced
partners that offer both support for our continued transition and a new path as a company with a different ownership structure. We believe our partnership with Francisco Partners and Evergreen will help put LogMeIn in a position to deliver the
operational benefits we need to achieve sustained growth over the long-term by continuing to help our customers tackle the most pressing and essential needs of the modern workforce.
I can tell you that both Francisco and Evergreen believe in the potential of LogMeIn, and both are interested in facilitating LogMeIns growth in all of
our businesses. And I know my leadership team is looking forward to working with our new partners to support and execute LogMeIns strategic growth plan.
We expect the transaction to close in mid-2020, subject to customary closing conditions, including shareholder and
regulatory approvals. Additionally, its important to note that our Board of Directors