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Ropes & Gray Advises Advent International on its Acquisition of Forescout Technologies

Practices: Private Equity, Finance, Executive Compensation & Employee Benefits, Tax, Data, Privacy & Cybersecurity, Employment, Intellectual Property Transactions

Ropes & Gray advised Advent International Corp, a global private equity investor, on its acquisition of Forescout Technologies Inc., a cybersecurity company which provides security technology for Internet-based devices. The transaction was announced on February 6. The press release is here.

Advent, in partnership with Crosspoint Capital Partners, will acquire all outstanding shares of Forescout common stock for $33.00 per share in an all-cash transaction valued at $1.9 billion.

Advent International is one of the largest and most experienced private equity investors in the world. The firm has invested in more than 350 private equity transactions in 41 countries, and as of September 30, had $56.6 billion in assets under management. Crosspoint, a private equity investment firm focused on the cybersecurity and privacy industries, is a co-investor and advisor. 

The Ropes & Gray team that advised Advent was led by private equity partner Amanda McGrady Morrison (Boston), and included private equity partner Chau Le (San Francisco), finance partners Byung Choi (Boston) and Andrea Hwang (New York), strategic transactions partner L. Thomas Holden (San Francisco), benefits partner Renata Ferrari (Boston), tax partner Adam Greenwood (New York), cybersecurity partner Edward McNicholas (Washington), labor & employment partner Megan Bisk (Boston) and intellectual property transactions partner Megan Baca (Silicon Valley).

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