Ropes & Gray Advises Advent International in Amended Merger Agreement with Forescout Technologies
Ropes & Gray advised Advent International, one of the largest and most experienced global private equity investors, and Forescout Technologies, the leader in device visibility and control, in an agreement to amend the terms of their previously announced transaction. The deal was announced in a press release.
The Forescout Board of Directors has unanimously approved a revised definitive agreement under which Advent will acquire all outstanding shares of Forescout common stock for $29.00 per share. Advent has partnered with Crosspoint Capital Partners, a private equity investment firm focused on cybersecurity and privacy industries, as an advisor on this transaction.
Concurrently with executing the amended merger agreement, Forescout and Advent reached a settlement agreement as a result of which the pending litigation in the Delaware Court of Chancery will be dismissed.
The Ropes & Gray team representing Advent International was led by private equity partner Amanda McGrady Morrison and included private equity partner Chau Le, mergers & acquisitions partner Tom Fraser, finance partners Byung Choi and Andrea Hwang, litigation & enforcement partners Peter Welsh, C. Thomas Brown, Jeremiah Williams and Daniel Ward.