TPG Leads $100 Million Investment in Internet Security Company Zscaler
Ropes & Gray represented TPG in connection with its investment in Zscaler, an Internet security company headquartered in San Jose, Calif. TPG led the round of financing of $100 million, which included existing investors EMC and Lightspeed Ventures. TPG’s investment will come from TPG Growth, the firm’s middle-market fund with more than $7 billion in assets under management and committed capital, and a focus on emerging technologies, industries and markets. The deal was announced Aug. 3.
The New York-based Ropes & Gray team was led by private equity partner Carl Marcellino and included private equity associate Rebecca Yang and intellectual property transactions associate Michael Kurzer.