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New Deal


Announced

Completed

BlackRock led a $120m round in Versa Networks.

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Online and Social Platforms

Domestic

Private

Friendly

Acquisition

Single Bidder

Private Equity

online platforms

United States

Minority

Completed

Synopsis

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BlackRock, an investment company, led a $120m round in Versa Networks, a networking platform, with participation from Silicon Valley Bank, a commercial bank. “As the leader in SASE, the fastest growing security and networking category, and executing on SASE services for years, Versa is the only solution proven to deliver the industry’s leading and differentiated architecture for high performance and security. This funding will allow us to expand our go-to-market and accelerate new innovations that will further expand the market opportunity for us as a company," Kelly Ahuja, Versa Networks CEO.

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