Accuvant to Be Acquired By Blackstone

Wednesday, March 19, 2014

William Blair & Company acted as the exclusive financial advisor to Accuvant, a portfolio company of Sverica International, in connection with its signing of a definitive agreement for the sale of a majority stake to Blackstone (NYSE: BX) for an undisclosed amount. The transaction is subject to customary closing conditions and regulatory approval with an anticipated close date in April. This represents William Blair’s seventh M&A transaction in the IT security, risk management, and compliance sector since Q4 2010.

Transaction Highlights:

  • Industry leader with proven results: Accuvant is a leader in information security and solutions and a trusted advisor to its clients on their full range of information security needs. Founded in 2002, Accuvant has been named to the Inc. 5000 list of fastest growing companies for the last seven years.

  • Exceptionally strong security market tailwinds: The increased prevalence and complexity of cyber-attacks has made information security a board-level issue at corporations across the world. Blackstone has committed significant time and resources to evaluating the industry landscape and key vendors in the market. This partnership provides Blackstone, and their portfolio companies, greater access to world-class security capabilities and talent.

  • Deep industry expertise: Accuvant was attracted to William Blair’s extensive knowledge and experience within the IT security, risk management, and compliance sector, as well as the firm’s strong relationships with likely strategic and financial acquirers focused on this area.

  • Execution excellence: William Blair’s demonstrated ability to orchestrate an efficient, targeted process was critical in securing the mandate and ensuring that Accuvant was able to maintain confidentiality while operating the business.

About the Companies:

Accuvant is a leading provider of information security services and solutions serving enterprise-class organizations across North America. The company offers a full suite of service capabilities to help businesses, governments, and educational institutions define their security strategies, identify and remediate threats and risks, select and deploy the right technology, and achieve operational readiness to protect their organizations from malicious attacks. Based in Denver, Accuvant has offices across the United States and Canada.

Blackstone (NYSE: BX) is one of the world’s leading investment and advisory firms. The company’s asset management business includes investment vehicles for private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds, and multi-asset class exposures falling outside of other funds’ mandates. Blackstone also provides financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory, and fund placement services.

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