M&A Deal Summary

Turn/River Acquires Tufin

On April 6, 2022, private equity firm Turn/River acquired information technology company Tufin for 570M USD

Acquisition Highlights
  • This is Turn/River’s 4th transaction in the Information Technology sector.
  • This is Turn/River’s 2nd largest (disclosed) transaction.
  • This is Turn/River’s 13th transaction in the United States.
  • This is Turn/River’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2022-04-06
Target Tufin
Sector Information Technology
Buyer(s) Turn/River
Deal Type Going Private
Deal Value 570M USD
Advisor(s) J.P. Morgan Securities (Financial)
White & Case
Meitar Liquornik Geva Leshem Tal (Legal)

Target

Tufin

Boston, Massachusetts, United States
Tufin simplifies the management of some of the largest, most complex networks in the world, consisting of thousands of firewall and network devices and emerging hybrid cloud infrastructures. Tufin was founded in 2005 and is based in Boston, Massachusetts.

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Buyer(S) 1

DESCRIPTION

Turn/River is a private investment firm that specializes in growth capital investments, buyouts, spin-outs, and recapitalizations of small-scale technology, web and Saas companies. The Firm has a particular interest in bootstrapped companies. Turn/River Capital is based in San Francisco, California.


DEAL STATS #
Overall 14 of 16
Sector (Information Technology) 4 of 4
Type (Going Private) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 13 of 14
Year (2022) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Redwood

Frisco, Texas, United States

Redwood is a full-stack automation fabric solution provider for mission-critical business processes. Redwood was formed in 1993 and is based in Frisco, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-23 Paessler

Nuremberg, Germany

Paessler offers monitoring solutions for businesses across all industries and all sizes, from SMB to large enterprises. Paessler was founded in 1997 and is based in Nuremberg, Germany.

Buy -