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Advent International cancel merger with Forescout

Private equity firm Advent International has informed the tech company Forescout that they would no longer continue their planned merger as scheduled.

“This is an uncertain time for everyone, as businesses and communities across the world navigate the challenges created by the COVID-19 pandemic. We continue to believe that Advent is the right partner for Forescout and we remain committed to completing the transaction in the near-term.”
Michael DeCesare, CEO and President of Forescout

The deal is one of many agreed upon prior to the Coronavirus Crisis which seems to be in the process of re-negotiation due to the significant price changes which have taken place in the market.

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