Quick Hits

Advent Completes Forescout Purchase

The purchase by a private equity fund was announced in February and completed today.

Forescout Technologies and Advent International announced today that Advent's tender offer for shares of Forescout, announced in February, has closed. The transaction, at $29.00 per share, gives Advent and its partner in the transaction - Crosspoint Capital Partners - ownership of Forescout while providing Forescout with financial support and expertise.

The transaction, which involved 40,108,573 tendered shares valued at more than $1.16 billion, means that Forescout will become a wholly owned subsidiary of Ferrari Merger Sub. Forescout stock will no longer be traded on NASDAQ.

Read more about the deal here.