On February 6, cybersecurity company Forescout Technologies announced that it had entered into a definitive agreement under which Advent International, a global private equity investor, will acquire all outstanding shares of Forescout common stock for $33.00 per share. Advent will be joined by Crosspoint Capital Partners, a private equity investment firm focused on the cybersecurity and privacy industries, as a co-investor and advisor. Wilson Sonsini Goodrich & Rosati advised Forescout in the transaction.

Upon completion of the all-cash transaction, which is valued at $1.9 billion, Forescout will become a private company with the flexibility to continue investing in the development and deployment of leading-edge cybersecurity products and solutions that serve the evolving needs of enterprise customers. The transaction has been unanimously approved by Forescout’s board of directors, and is expected to close in the second calendar quarter of 2020, subject to customary closing conditions.

The transaction is a continuation of Wilson Sonsini’s longstanding relationship with Forescout, which included representing Forescout in connection with its initial public offering in 2017.

The Wilson Sonsini team advising Forescout includes the following attorneys:

Corporate/M&A
Steve Bochner, Partner
Lisa Stimmell, Partner
Doug Schnell, Partner
Emma Sarkisyan, Associate
Zack Lenox, Associate 

Employee Benefits & Compensation
David Thomas, Partner
Jaqueline Tokuda, Partner

Corporate Finance
Dana Hall, Partner
Michael Rosati, Associate

Tax
Myra Sutanto Shen, Partner 

Privacy
Matt Staples, Partner
Daniel Chen, Associate 

Technology Transactions
Manja Sachet, Partner
Barclay Oudersluys, Associate

Regulatory
Seth Cowell, Associate
Anne Seymour, Associate 

Real Estate
James McCann, Partner
Martin Sul, Counsel 

Employment Law
Rebecca Stuart, Of Counsel
Nedim Novakovic, Associate 

For more information, please see Forescout’s press release announcing the transaction.