Ropes & Gray Advises Crosspoint Capital Partners in Acquisition of Absolute Software for $870 Million
Ropes & Gray advised Crosspoint Capital Partners in the acquisition of Absolute Software, a provider of self-healing, intelligent security solutions. Under the terms of the agreement, Absolute shareholders will receive $11.50 per Common Share in cash on completion of the acquisition, corresponding to an enterprise value of approximately $870 million. The deal was announced in a May 11 press release.
Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets with offices in Menlo Park, California and Boston, Massachusetts. Crosspoint brings significant cybersecurity expertise that will help drive the Absolute Software’s next phase of growth.
This team was led by mergers & acquisitions partners Thomas Holden and Tom Fraser, and included finance partner Michael Lee, litigation & enforcement partners Annie Herdman, Jonathan Klarfeld, and Brendan Hanifin, employment & benefits partners Renata Ferrari, Megan Bisk and Ellen Sueda, tax partner Benjamin Rogers, IP litigation partner David Chun, asset management partners John Ayer and Justin Kliger, and data, privacy & cybersecurity partner Ed McNicholas.