Coalfire said Friday the deal is expected to close in early 2020, subject to regulatory approvals.
œThe Apax Funds™ investment will assist the company in particular by increasing Coalfire™s investment in technology; continuing to invest in thought leadership, especially with respect to securing cloud environments; and deepening capabilities across assurance standards while scaling its penetration testing and cyber risk services business, Rohan Haldea, partner at Apax Partners, said in a statement.
Coalfire helps customers come up with scalable programs designed to enhance their security posture. Established in 2001, the company has over 730 employees and operate through 11 sites in the U.S. and U.K.
William Blair and Latham & Watkins respectively served as financial and legal advisers to Coalfire in the transaction. Kirkland & Ellis LLP acted as Apax Funds™ legal counsel.
Carlyle made an investment in Coalfire in 2015 through its $1.1B U.S. Equity Opportunity Fund I.
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