NetSPI’s $90 Million Growth Funding

Goodwin Procter LLP advised Sunstone Partners and NetSPI on the deal, while Latham & Watkins represented KKR and Ten Eleven Ventures.

NetSPI, the leader in enterprise penetration testing and attack surface management, announced it has raised $90 million in growth funding led by KKR, with participation from Ten Eleven Ventures. The investment will be used to further accelerate NetSPI’s rapid growth by expanding the company’s cyber security and client experience teams, investing in product innovation, and deepening operations across U.S. and international markets.

Goodwin Procter LLP advised NetSPI with a team team led by Brian McPeake (Picture), Brian McNeil and Caroline Lau.

Latham & Watkins represented KKR and Ten Eleven Ventures with a team led by Boston partner Ryan McCarthy, with Boston associates John Miller, Eli Slawsby, and Michael Casagrande. Advice was also provided on tax matters by Los Angeles partner Larry Stein, and Los Angeles counsel Will Kessler; on intellectual property and privacy matters by Boston partner Sarah Gagan, and Washington, D.C. counsel Marissa Boynton, with Boston associate Deborah Hinck and Bay Area associate Rachel Horn; on benefits and compensation matters by New York partner Jennifer Pepin; and on insurance matters by Los Angeles partner Drew Levin, with San Diego associate Hannah Cary.

Involved fees earner: Brian McNeil – Goodwin Procter; Brian McPeake – Goodwin Procter; Marissa Boynton – Latham & Watkins; Hannah Cary – Latham & Watkins; Michael Casagrande – Latham & Watkins; Sarah Gagan – Latham & Watkins; Deborah Hinck – Latham & Watkins; William Kessler – Latham & Watkins; Drew Levin – Latham & Watkins; Ryan McCarthy – Latham & Watkins; John Miller – Latham & Watkins; Jennifer Pepin – Latham & Watkins; Elizabeth Mims Slawsby – Latham & Watkins; Laurence Stein – Latham & Watkins;

Law Firms: Goodwin Procter; Latham & Watkins;

Clients: KKR; NetSPI; Sunstone Partners Management LLC; Ten Eleven Ventures and Cyberstarts;

Author: Martina Bellini