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Crosspoint Capital buys Absolute Software for $870M

By TechTaffy Desk

Vancouver-based cybersecurity company Absolute Software has entered into an agreement to be acquired by private equity firm Crosspoint Capital for $870 million, inclusive of debt.

Perella Weinberg Partners is serving as Absolute’s financial advisor in connection with the Acquisition, with Raymond James also providing financial advice. The Company’s legal advisors in connection with the acquisition are Cooley and Blake, Cassels & Graydon.

Ropes & Gray and Stikeman Elliott acted as legal advisors and Barclays acted as financial advisor to Crosspoint.

Subject to the customary conditions, the acquisition is expected to be completed during the second half of 2023.

[Image courtesy: Absolute Software]

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