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Bain Capital finalises Blue Coat acquisition

Bain Capital finalises Blue Coat acquisition

All-cash transaction valued at $US 2.4 Billion

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Private investment firm, Bain Capital, has completed its acquisition of enterprise security company, Blue Coat Systems.

Investment funds advised by Bain Capital acquired Blue Coat from private equity company, Thoma Bravo, in an all-cash transaction valued at approximately $US 2.4 billion.

Blue Coat offers an integrated portfolio of security products used by a large percentage of the Fortune Global 500.

Blue Coat chief executive, Gregory S. Clark, said the firm had increased market share and expanded its global leadership position in cybersecurity to encompass web protection, advanced threat defence, encrypted traffic management, incident response and forensics.

“Blue Coat has strengthened and expanded our product portfolio, leading to more value for our customers while positioning the company for the next stage of growth in partnership with Bain Capital,” he said.

“We have benefitted from Thoma Bravo’s insight and support and look forward to continued progress and innovation with the help of Bain Capital as we build the business to become one of the top performing security companies in the world."

Bain Capital managing director, David Humphrey, said the firm was excited to help Blue Coat further grow the business and potentially return to public markets.

As part of the acquisition process, Goldman, Sachs & Co. served as financial advisor to Blue Coat. Wilson Sonsini Goodrich & Rosati acted as the firm’s legal advisor.

Jefferies Finance LLC provided financing commitments and Jefferies LLC acted as sole financial advisor to Bain Capital. Ropes & Gray LLP acted as legal counsel and PwC LLP served as accounting advisor to Bain Capital.


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Tags acquisitionBlue Coat SystemsBasin CapitalBlue Coat chief executiveGregory S. ClarkBain Capital managing directorDavid Humphrey

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