Sarah K. Solum
  1. Partner

A founder of Davis Polk’s Northern California office, Sarah Solum is a partner in Davis Polk’s Corporate Department. She advises on public and private corporate finance transactions, including initial public offerings and convertible and other debt offerings, mergers and acquisitions, private equity investments, SEC disclosure and corporate governance.

Work Highlights

Initial Public Offerings and Other Capital Markets Transactions

Sarah has represented issuers and underwriters in IPOs and a variety of other equity and debt capital markets transactions, including:

  • IPOs: AMIS Holdings, AppNet, Apropos, CAI International, Chipotle Mexican Grill, Coupa Software, DocuSign, Etsy, Fortinet, GoDaddy, Handspring, Homegrocer, iBeam, Kaiser Aluminum, Pivotal Software, Razorfish, Responsys, SendGrid, ServiceSource International, Silver Spring Networks, Splunk and SunRun
  • Follow-on and other stock offerings: Catapult Communications, Chegg, Corcept Therapeutics, Coupa Software, E*TRADE, Endocyte, GoDaddy, Mannkind, Onyx Pharmaceuticals, Palm, Splunk, SVB Financial, Wet Seal and WinStar
  • Convertible notes offerings: ADC Telecommunications, Affymetrix, Cadence, Chegg, Coupa Software, Cypress Semiconductor, E-house, Equinix, Horizon Pharmaceuticals, Lexicon Pharmaceuticals, Pandora Media and Wix.com
  • Investment-grade and high-yield note offerings: AMIS Holdings, Budget Group, El Paso Electric, E*TRADE, Kansas City Power & Light, Oracle, Raytheon, Seagate and SVB Financial
Mergers and Acquisitions and Other Transactions

Sarah's experience in mergers and acquisitions and other significant transactions include the following representations:

  • TriNet Group on its Strategic Investment by Atairos Group
  • Affymetrix on its sale to Thermo Fisher Scientific
  • FormFactor on its acquisition of Cascade Microtech
  • 1-Page in its acquisition of Marianas Labs
  • Getty Investments on the take-private transaction of Getty Images by Hellman & Friedman and the subsequent acquisition by the Carlyle Group
  • Sterling Financial on its recapitalization by Warburg Pincus and Thomas H. Lee Partners
  • Palm on the private placement of units of preferred stock and warrants to Elevation Partners
  • E*TRADE on its recapitalization by Citadel Investment Funds and subsequent equity sale/debt exchange
  • Affymetrix on its acquisitions of eBioscience, USB Corporation, True Materials and Panomics
  • Blue Coat Systems on its acquisition of Packeteer and its private placement of convertible notes and warrants
  • Oracle on its acquisitions of Siebel Systems and PeopleSoft
  • NetIQ on its sale to AttachmateWRQ
  • XcelleNet on its sale to Sybase
General Corporate

Sarah has regularly provided general corporate advice on corporate governance, SEC compliance and disclosure and other matters to a variety of public and private companies.

Recognition

She is recognized as a leader in the legal industry and among women in business and law:

  • Chambers USA – Capital Markets: California
  • Super Lawyers – Capital Markets and Mergers and Acquisitions, where Sarah has been named a Rising Star among Top Women Lawyers in Northern California
  • Silicon Valley Business Journal – One of the 2017 “Women of Influence”
  • Daily Journal – One of the 2017 “Top Women Lawyers in California”
  • The Recorder – One of 2016 and 2017's “Women Leaders in Tech Law”

Of Note

  • Global Advisory Board Member, Women in Law Empowerment Forum
  • Panelist at the 43rd Annual Securities Regulation Institute
  • Frequent faculty member of programming at PLI
  • Board Member, St. Matthew’s Episcopal Day School and the Day School Foundation

Professional History

  • Partner, Davis Polk, 2007-present
  • Associate, Davis Polk, 1999-2007
  • Associate, Cravath, Swaine & Moore, 1998-1999

Bar Admissions

  • State of California
  • State of New York

Education

  • B.A., St. Olaf College, 1995
    • summa cum laude
    • Phi Beta Kappa
  • J.D., Duke University School of Law, 1998
    • magna cum laude
    • Order of the Coif
    • Member, Duke Law Journal
  • LL.M., Comparative and International Law, Duke University School of Law, 1998