Global law firm DLA Piper has acted as Australian legal counsel to California-based technology company Life360, Inc. (ASX: 360, NASDAQ:LIF) on its upsized USD320 million offering of 0.00% convertible senior notes due 2030, which comprised an upsized offering of USD275 million as well as the full exercise of the USD45 million option to purchase additional notes granted to the initial purchasers.
The proceeds will be used for general corporate purposes, which may include acquisitions or strategic investments in complementary businesses.
David Ryan, DLA Piper Corporate Partner and Head of Capital Markets in Australia, said: “This transaction marks a significant milestone in Life360’s growth. Over the years, we’ve built a strong and trusted relationship with Life360, advising them on a range of strategic transactions. It’s been rewarding to support their growth and evolution, and we’re proud to play a meaningful role in their continued success”.
DLA Piper’s partnership with Life360 began with its AUD820 million initial public offering and ASX listing in 2019 – one of the largest tech debuts on the ASX at the time. The firm subsequently advised on Life360’s AUD280 million equity raise to fund its acquisition of Tile, Inc. in 2022, a leading Bluetooth tracking company. In 2024, DLA Piper supported Life360’s Nasdaq listing, further cementing its position in the global market.
The DLA Piper team for this transaction was led by Corporate Partners David Ryan and Kelly Morrison, with support from Special Counsel Rosa Sayer and Solicitor Lauren Mount.
This transaction underscores DLA Piper’s strength in cross-border capital markets and technology transactions, and its ability to support innovative global clients as they scale and access new markets.