M&A Deal Summary

Haveli Investments and Monroe Capital Acquire ZeroFox

On February 6, 2024, private equity firm Haveli Investments and lender Monroe Capital acquired information technology company ZeroFox for 350M USD

Acquisition Highlights
  • This is Haveli Investments’ 1st and Monroe Capital’s 7th transaction in the Information Technology sector.
  • This is Haveli Investments’ and Monroe Capital’s 3rd largest (disclosed) transaction.
  • This is Haveli Investments’ 2nd and Monroe Capital’s 105th transaction in the United States.
  • This is Haveli Investments’ 1st and Monroe Capital’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2024-02-06
Target ZeroFox
Sector Information Technology
Buyer(s) Haveli Investments
Monroe Capital
Deal Type Going Private
Deal Value 350M USD
Advisor(s) Piper Sandler & Co.
Stifel, Nicolaus & Co., Inc. (Financial)
Venable LLP (Legal)

Target

ZeroFox

Baltimore, Maryland, United States
ZeroFox is a Social Risk Management company that provides enterprises external threat intelligence and protection to disrupt threats to brands, people, assets, and data across the public attack surface in one, comprehensive platform. ZeroFox was founded in 2013 and is based in Baltimore, Maryland.

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Buyer(S) 2

Buyer

Haveli Investments

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Haveli Investments is a private equity firm focused on investing in companies in the technology industry. Haveli Investments is based in Austin, Texas.

DEAL STATS #
Overall 3 of 7
Sector (Information Technology) 1 of 1
Type (Going Private) 1 of 1
State (Maryland) 1 of 1
Country (United States) 2 of 4
Year (2024) 1 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 Candivore

Tel Aviv, Israel

Candivore is an independent studio focusing on the development of mobile games. Candivore was founded in 2018 and is based in Tel Aviv, Isreal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-09 Jagex

Cambridge, United Kingdom

Jagex is a video game developer and publisher focused on creating a deep and engaging living game on PC and mobile. Its flagship RuneScape and Old School RuneScape, on PC and mobile, offer ever-evolving, highly active worlds, and community-focused development ethos empowers players to have a real say in how each game is shaped. Jagex was founded in 2000 and is based in Cambridge, United Kingdom.

Buy -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 106 of 116
Sector (Information Technology) 7 of 7
Type (Going Private) 2 of 2
State (Maryland) 2 of 2
Country (United States) 105 of 115
Year (2024) 2 of 12
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 MOREgroup

Fort Worth, Texas, United States

MOREgroup is a family of design, architecture and engineering brands that each uniquely focus on a single area of expertise. Formed through the combination of Huckabee, Rachlin Partners, TSK Architects, Image Engineering Group (IEG), and Environments for Health Architecture (E4H). MOREgroup is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 Second Avenue

Tampa, Florida, United States

Second Avenue is a full-service, institutional single-family rental platform (“SFR”). Second Avenue is based in Tampa, Florida.

Buy -
Mergr

Product

Company

Legal