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Madison Dearborn Partners to Acquire Enterprise DNS Provider BlueCat.

M2 EQUITYBITES-February 24, 2017-Madison Dearborn Partners to Acquire Enterprise DNS Provider BlueCat

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24 February 2017 - Canadian Enterprise DNS provider BlueCat Networks has agreed to be acquired by US-based private equity firm Madison Dearborn Partners, the company said.

Upon completion of the transaction, BlueCat's management team will remain in place and retain a significant equity ownership position in the company.

The investment from MDP will focus on the development and marketing of BlueCat's automated software-based DNS solutions.

MDP's investment will also support the company as it launches DNS Security, a cloud-based solution that leverages the power of DNS data through advanced behavioral models and DNS query analytics to provide customers with internal and external threat detection and prevention.

Terms of the transaction were not disclosed.

The completion of the transaction, which is expected to close early in 2Q17, is subject to regulatory approvals and other customary closing conditions.

Houlihan Lokey's TMT Group was the sole financial advisor to BlueCat, and Evercore was the sole financial advisor to MDP.

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Publication:M2 EquityBites (EQB)
Date:Feb 24, 2017
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