Forescout sells to PE at discount after COVID-19 scuppered initial deal

Forescout has sold up to private equity at a lower price than originally agreed before COVID-19 scuppered the deal. The device visibility vendor will sell up to Advent International for $29 a-share, equating to $1.43bn. The deal is expected to close in Q3 of this year. The duo originally agreed to a deal at the start of the year before the COVID-19 crisis hit. Advent sought to pull out of the agreement in May, arguing that the pandemic had dampened Forescout's business prospects. The...