M&A Deal Summary

Bain Capital Private Equity and Crosspoint Capital Partners Acquire ExtraHop

On June 8, 2021, private equity firms Bain Capital Private Equity and Crosspoint Capital Partners acquired information technology company ExtraHop for 900M USD

Acquisition Highlights
  • This is Bain Capital Private Equity’s 12th and Crosspoint Capital Partners’ 3rd transaction in the Information Technology sector.
  • This is Bain Capital Private Equity’s 49th and Crosspoint Capital Partners’ 3rd largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 104th and Crosspoint Capital Partners’ 3rd transaction in the United States.
  • This is Bain Capital Private Equity’s 6th and Crosspoint Capital Partners’ 1st transaction in Washington.

M&A Deal Summary
Date 2021-06-08
Target ExtraHop
Sector Information Technology
Buyer(s) Bain Capital Private Equity
Crosspoint Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 900M USD
Advisor(s) Qatalyst Partners (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

ExtraHop

Seattle, Washington, United States
ExtraHop is on a mission to arm security teams to confront active threats and stop breaches. The Company's Reveal(x) 360 platform, powered by cloud-scale AI, covertly decrypts and analyzes all cloud and network traffic in real time to eliminate blind spots and detect threats that other tools miss. Sophisticated machine learning models are applied to petabytes of telemetry collected continuously, helping ExtraHop customers to identify suspicious behavior and secure assets. ExtraHop was founded in 2007 and is based in Seattle, Washington.

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Buyer(S) 2

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 198 of 237
Sector (Information Technology) 12 of 15
Type (Buyout (LBO, MBO, MBI)) 45 of 50
State (Washington) 6 of 6
Country (United States) 104 of 124
Year (2021) 6 of 17
Size (of disclosed) 49 of 72
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Valeo Foods

Dublin, Ireland

Valeo Foods is a producer and innovator of branded food products including Jacobs, Rowse, Kettle, Odlums, Barratt and Balconi, among others, across various categories and channels. Valeo Foods was founded in 1845 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 CN Innovations

Hong Kong, China

CN Innovations is a metal injection molding and physical vapor deposition company. CN Innovation is an expert in material science, precision engineering, and surface treatment for mainly metal and glass components used in a variety of industries, including consumer electronics, watches, automobiles, and industrial and medical equipment. CN Innovations was founded in 1935 and is based in Hong Kong, China.

Buy -
Buyer

Crosspoint Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Crosspoint Capital Partners is a private equity firm focused on the cybersecurity, privacy and infrastructure software markets. The Firm will consider minority to full control investment situations and generally seeks businesses throughout the US. Crosspoint Capital Partners has offices in Menlo Park, California and Boston, Massachusetts.

DEAL STATS #
Overall 3 of 7
Sector (Information Technology) 3 of 6
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Washington) 1 of 1
Country (United States) 3 of 5
Year (2021) 1 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 ForeScout

San Jose, California, United States

ForeScout is a cybersecurity company focused on device visibility and control. ForeScout delivers device visibility and control to enable enterprises and government agencies to gain complete situational awareness of their environment and orchestrate action. ForeScout Technologies was founded in 2000 and is based in San Jose, California.

Buy $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Everseen

Cork, Ireland

Everseen is a provider of AI-powered computer vision software. Everseen's technology brings patented AI-powered computer vision to core business processes. Everseen was founded in 2007 and is based in Cork, Ireland.

Buy -
Mergr

Product

Company

Legal