ZeroFox Announces Divestment of Subsidiary IDX to Kingswood Capital Management

In The News
November 25, 2024

Ropes & Gray advised ZeroFox and Haveli Investments, its controlling sponsor, in the divestment of its subsidiary, IDX, to Kingswood Capital Management. IDX specializes in post-breach forensics, incident response, and regulatory compliance support. This strategic transaction reinforces ZeroFox's commitment to its core markets, external cybersecurity, digital risk protection (DRP), threat intelligence (TI) and attack surface management (ASM), and its commitment to best-in-class services and product innovation. The signed and closed deal was announced in a Nov. 25 press release.

ZeroFox, is an enterprise software-as-a-service leader in external cybersecurity, with a global team of over 800 employees.

The Ropes & Gray team included private equity partner David Hutchins and associate Joshua Coombes, IP transactions partner Emily Karlberg, employment partner Richard Kidd, tax partners Tristan Evans-Wilent and Scott Pinarchick, mergers & acquisitions partner Sarah Young, executive compensation & employee benefits partner Matt Jones, litigation & enforcement partner Samer Musallam, and data, privacy & cybersecurity partner Ed McNicholas.