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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.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
