Ropes & Gray Guides Advent International in Completing Tender Offer for Shares of Forescout Technologies
Ropes & Gray advised Advent International, one of the largest and most experienced global private equity investors, in the successful completion of Advent’s offer to purchase all the outstanding shares of Forescout Technologies’ common stock. The stock was purchased at a price of $29.00 per share, without interest and subject to any applicable withholding taxes, net to the seller in cash. Advent intends to complete the acquisition of Forescout imminently today through a second-step merger. Forescout is the leader in in Enterprise of Things security. The agreement was announced in a press release.
Advent has partnered with Crosspoint Capital Partners, a private equity investment firm focused on cybersecurity and privacy industries, on this transaction.
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, benefits partner Renata Ferrari and tax partner Adam Greenwood.