FSCT - Forescout Technologies: Cash In On A 6.5% Spread
Advent International/Forescout Technologies Deal Overview
On 6 February 2020, an Advent International-led consortium agreed to acquire Forescout Technologies (FSCT) for $1.9 billion or $33.000 per share. This is a definitive, binding all-cash agreement, which has received unanimous Board-level approval. Advent is joined by Crosspoint Capital Partners, a private equity company specialising in cybersecurity and privacy industries.
Forescout is unlikely to have experienced a significant deterioration in business fundamentals as a result of the Covid-19 pandemic. With enterprises shifting to the cloud and decentralised networks, chief information officers are seeking to secure solutions to make their