SMART Global Holdings, Inc. (SGH) (Nasdaq: SGH) has announced that it has entered into a definitive agreement with affiliates of Siris Capital Group, LLC, to acquire Stratus Technologies (Stratus), a global leader in simplified, protected, and autonomous computing solutions in the data center and at the Edge. Under the terms of the agreement, SGH will pay US$225 million in cash at closing and an earn-out payment of up to US$50 million, based on the gross profit performance of the Stratus business during the first full 12 fiscal months of Stratus following the closing. Latham & Watkins LLP represents SGH in the transaction with a corporate deal team led by Bay Area partners Mark Bekheit and Bret Stancil, with Austin associates Rachel Ratcliffe, Dustin Davis, and Brian Golde. Advice was also provided on benefits and compensation matters by Bay Area partner Jay Metz, with associates James Robinson and Niveda Anandan; on labor and employment matters by Chicago partner Nineveh Alkhas and Tokyo partner Hiroki Kobayashi; on intellectual property matters by Bay Area partner Anthony Klein and Bay Area counsel Arielle Singh, with associates Ryan Sanders and Tyler Israel; on tax matters by Bay Area partner Grace Lee, with associate Gregory Conyers; on data privacy matters by Bay Area partner Robert Blamires and Washington, D.C. partner Tony Kim, with associates Adriana Beach, George Evans, Austin Anderson, Jane Bentham, and Bianca Lee; on insurance matters by Los Angeles partner Drew Levin, with associate Harrison White; on antitrust matters by Bay Area partner Kelly Fayne, with associate William Kirton; and on FCPA and trade controls matters by Washington, D.C. partner Erin Brown Jones, with associate Lauren McGuire.~~