EngageSmart, Inc.

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Ademi LLP is investigating EngageSmart (NYSE: ESMT) for possible breaches of fiduciary duty and other violations of law in its transaction with Vista Equity Partners.

In the transaction, EngageSmart stockholders are expected to receive only $23.00 per share in an all-cash transaction valued at approximately $4.0 billion. The transaction agreement unreasonably limits competing transactions for EngageSmart by imposing a significant penalty if EngageSmart accepts a competing bid. EngageSmart insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of EngageSmart’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.