Announced
Financials
Sources
Tags
active visibility
digital services
Public
Friendly
Pending
IT Services: Other
Single Bidder
Acquisition
network
United States
Private Equity
Synopsis
Gigamon Inc., the industry leader in traffic visibility solutions, and Elliott Management, a leading multi-strategy private investment firm, announced that they have entered into a definitive agreement under which Elliott will acquire Gigamon for $38.50 per share in cash, for a total value of approximately $1.6 billion. Upon completion of the transaction, Gigamon will become a privately held company. Elliott's investment is being led by its private equity affiliate, Evergreen Coast Capital. "This transaction represents a unique opportunity to invest in the industry-leading visibility solution in a product category that is critical to enterprise security," Isaac Kim, Evergreen Managing Director.
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