Announced
Completed
Financials
Sources
Press Release
Forescout Technologies -
SEC Filling
Forescout Technologies -
Press Release
Forescout Technologies -
Press Releae
Advent International -
Press Release
Advent International -
Amended Merger Agreement
Forescout Technologies -
Press Release
Forescout -
Completion Announcement
Advent International -
Tags
Domestic
United States
security solutions
Public
Single Bidder
Majority
Security Equipment
Acquisition
Private Equity
Friendly
Tender Offer
Completed
Synopsis
Advent International completed the acquisition of Forescout Technologies, a provider of device visibility and control solutions, for $1.4bn. The purchase price represents a share price of $29 and it decreases the initial offer of $1.9bn. Advent was joined by Crosspoint Capital Partners, a private equity investment firm focused on the cybersecurity and privacy industries, as a co-investor. "Together with Advent and Crosspoint Capital, we will be even better positioned to accelerate our innovation roadmap and strategic cloud and business transformation. As we embark today on this exciting new chapter, I want to thank all Forescout employees around the world. This is a testament to their hard work and commitment, and I am proud to continue this journey alongside them as we deliver on our technology, strategy and customer experience goals," Michael DeCesare, Forescout CEO and President.
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