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 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.
Attorneys
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.