In February, cybersecurity company Forescout announced plans to go private in a $1.9 billion deal with Advent and Crosspoint Capital. In an exclusive interview with Business Insider, outgoing Forescout CEO Mike DeCesare revealed what it was like to navigate such a huge deal during a global crisis.Greg Clark, but remains co-chair of Forescout.On February 6, cybersecurity firm Forescout ended months of speculation when it finally confirmed plans to go private in a massive $1.9 billion acquisition.
A lukewarm IPO in 2017 saw the company's market cap drop almost 20% from its previous estimated billion-dollar valuation. As countries around the world went into lockdown, venture capital deals collapsed and the stock markets went into freefall. On July 17, the standoff finally came to and end: Advent and Crosspoint would buy all of Forescout's stock at $29 a piece, cutting the overall pricetag down to $1.4 billion.
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