Apax Partners’ Acquisition of Coalfire

Kirkland & Ellis LLP served as legal counsel to the Apax Funds. William Blair served as financial advisor and Latham & Watkins served as legal advisor to Coalfire. PwC served as accounting advisor to Carlyle.

Funds advised by Apax Partners have reached an agreement to acquire Coalfire from The Carlyle Group (NASDAQ: CG) and The Chertoff Group. The transaction is expected to be completed in early 2020, subject to regulatory approval. Financial terms were not disclosed.

Founded in 2001, Coalfire is a cybersecurity advisor that helps organizations avert threats, close gaps, and effectively manage cyber risk. By providing independent, tailored advice and services that span the cybersecurity lifecycle, Coalfire helps clients develop scalable programs that improve their security posture. The Carlyle Group invested in Coalfire in 2015 through its U.S. Equity Opportunity Fund I, a $1.1 billion U.S. middle-market fund. The investment from the Apax Funds will support Coalfire in accelerating its growth.

Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.$50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare, and Consumer.

The Kirkland team was led by transactional partners Sri Kaushik (Picture), Dvir Oren and Patrick Jacobs and associate Adarsh Varghese; and debt finance partner Nicholas Schwartz and associate John Kefer.

Involved fees earner: Patrick Jacobs – Kirkland & Ellis; Srinivas Kaushik – Kirkland & Ellis; John Kefer – Kirkland & Ellis; Dvir Oren – Kirkland & Ellis; Nicholas Schwartz – Kirkland & Ellis; Adarsh Varghese – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Apax Partners;