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Finsbury is handling Advent International's $1.9B deal to acquire Forescout, cybersecurity firm based in San Jose.
The Boston-based private equity firm is offering $33 cash per share for the maker of visibility devices to "see" what is connecting into their networks.
Founded in Israel in 2000, Forescout recorded $337M in 2019 revenues and a $19.6M operating loss.
CEO Michael DeCesare said his company "is still in the early innings of a large market opportunity" because every organization needs to "mitigate against high-risk devices" that may have been linking to their networks.
He's excited that Advent and its partner Crosspoint Capital will provide Forescout support "through transitory times."
The acquisition will be completed during the second quarter.
Finsbury, which is part of WPP, has Kerry Golds and Patrick Reynolds on the Advent transaction.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
