 |
FGS Global represents private equity firm Thoma Bravo as it agrees to buy ForgeRock digital identity platform for $2.3B.
The all-cash $23.25 per share offer is a 53 percent premium over ForgeRock’s Oct. 10 closing stock price.
Chip Virnig, Thoma Bravo partner, said identity-centric cybersecurity solutions are critical enablers for businesses to transform their operations and ForgeRock has the tools that “combine both the advanced security and customer usability needed in the market.”
ForgeRock posted $48M in revenues and a $22M loss for the June 30-ended quarter.
CEO Fran Rosch blamed the lackluster performance on an “uncertain macro environment [which] has presented us with challenges such as longer deal cycles and FX headwinds.’
FGS Global has Liz Micci and Nicky Bryan represents Thoma Bravo, which has $122B in assets under management.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Have a comment? Send it to 
No comments have been submitted for this story yet.