14 Oct 2025

"dbt Labs and Fivetran Announce Merger to Create $600 Million Data Transformation Powerhouse"

"dbt Labs has announced a merger with Fivetran in an all-stock deal, creating a combined company with nearly $600 million in annual recurring revenue. The transaction is supported by a comprehensive legal team from Latham & Watkins LLP, covering various aspects including corporate, tax, labor, and intellectual property matters."

In the recent merger transaction between dbt Labs and Fivetran, the law firm Latham & Watkins LLP represented dbt Labs, providing comprehensive legal assistance across various practice areas. The transaction involves an all-stock merger agreement between dbt Labs, a leader in modern data transformation, and Fivetran, recognized as the global leader in automated data movement. Upon completion of the merger, the combined entity is projected to achieve approximately US$600 million in annual recurring revenue. The legal team from Latham & Watkins LLP included Bay Area partner Benjamin Potter and counsel Danny Nordstrom, along with associates Luke Blackett, Tim Plummer, and Kevin Schunk. Additional support was provided by Bay Area partner Grace Lee and associate Gregory Conyers on tax matters; Bay Area partner James Robinson and associate Will Fowler on compensation and benefits; New York counsel Sandra Benjamin and associate Jocelyn Wexler on labor and employment; Bay Area counsel Arielle Singh and associates Ryan Sanders and Claire Jensen on intellectual property; San Diego/Bay Area counsel Jennifer Howes and Dubai/London counsel Danielle van der Merwe, with associates Eric Gonzalez and Edgar Lee on data privacy and cybersecurity; Washington, D.C./London partner Nathan Seltzer and associate Ragad Alfaraidy on anti-bribery and anti-corruption; Washington, D.C. counsel Ruchi Gill and associate Dillon Curtis, with assistance from Stephen Keith on trade controls; Bay Area partner Joshua Holian and Washington, D.C. counsel Ngoc Hulbig, with associates Hanna Nunez Tse and Bernie Achbold on antitrust matters; and associates Eduard Grigoryan and Daphne Lambadariou on corporate and securities matters.
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