EngageSmart, Inc.

Registration Deadline:

12/09/2024

Submit Your Information

A securities class action has been filed in the USDC — D. DEL. against EngageSmart, Inc. (ESMT) (“EngageSmart” or the “Company”), on behalf of:

 

  • all public holders of EngageSmart, Inc. (“EngageSmart” or the “Company”) common stock (the “Unaffiliated Stockholders”) as of the December 21, 2023 record date (the “Record Date”) who were entitled to vote on the “take-private” acquisition (the “Merger”) of the Company by Vista Equity Partners Management, LLC and its affiliates (collectively, “Vista”); and

 

  • all other persons or entities who sold shares of EngageSmart common stock from October 23, 2023, the announcement date of the Merger, through the close of the Merger on January 26, 2024 (the “Class Period”).

 

EngageSmart, located in Braintree, Massachusetts, provides vertically tailored customer engagement software and integrated payments solutions through two segments: (i) the SMB Solutions segment that provides end-to-end practice management solutions geared toward the Health & Wellness industry and (ii) the Enterprise Solutions segment that provides Softwareas-a-Service (SaaS) solutions that simplify electronic billing and digital payments.

 

This action arise from EngageSmart’s January 2024 take-private Merger with Vista Equity Partners Management, LLC and its affiliates (collectively, “Vista”).

 

The Complaint alleges that the defendants made material misstatements and omissions of material facts that concealed the hopelessly conflicted and tainted sales process. Among other things the Proxy contained false or misleading statements of material facts by Defendants or omitted material facts necessary to make the statements contained in the Proxy materials not false or misleading concerning the conflicted sales process, including but not limited to:

 

(1) the Special Committee’s lack of independence from the Board, General Atlantic and Vista;

(2) Evercore’s conflicts that compromised their advice to the Special Committee;

(3) GeneralAtlantic’s interference with the sales process and preferential treatment of Vista;

(4) the overall conflicts that rendered the sales process inadequate; and

(5) ultimately, as a result of all of the foregoing, the unfairness of the Merger to the Unaffiliated Shareholders and the inability of Unaffiliated Shareholders and Class Members to evaluate the Merger, thereby harming investors.

 

 

If you purchased EngageSmart securities pursuant to either of the parameters above and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

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