BeyondTrust receives new equity investment from Clearlake Capital Group

BeyondTrust announced that it has received a significant new equity investment from Clearlake Capital Group, a sector-focused investment firm operating integrated businesses across private equity, credit and other related strategies. Clearlake will join existing investor Francisco Partners as an institutional shareholder in BeyondTrust. Financial terms of the transaction, which is subject to customary regulatory approvals, were not disclosed.

Matt Dircks, CEO of BeyondTrust

“We are thrilled to welcome Clearlake as an investor alongside Francisco Partners to further enable the company to accelerate innovation and drive continued growth,” said Matt Dircks, CEO of BeyondTrust. “With Francisco Partners’ financial support and resources, we not only scaled our global offerings through organic development and meaningful acquisitions but also expanded and enhanced our cloud product portfolio. The additional investment from Clearlake both reflects the success that BeyondTrust has been able to achieve over the years and validates our mission to revolutionize Privileged Access Management. Going forward, Clearlake’s extensive experience investing in market-leading software companies, particularly in the cybersecurity segment, will help further support our growth and acquisition strategy.”

J.P. Morgan Securities and Credit Suisse served as financial advisor, and Kirkland & Ellis served as legal counsel, to BeyondTrust and Francisco Partners. Sidley Austin served as legal counsel to Clearlake.

The closings of the transaction is subject to customary conditions, including regulatory approvals.

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