At what enterprise value was ZEROFOX acquired in 2024?

During the acquisition of ZEROFOX by HAVELI INVESTMENTS in 2024, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

When was ZEROFOX acquired by HAVELI INVESTMENTS?

ZEROFOX was acquired by HAVELI INVESTMENTS in 2024.

What was the revenue of ZEROFOX at the time of the deal?

The revenue of ZEROFOX at the time of the deal is estimated to be in the range of 150M - 250M EUR.

How is the data for the ZEROFOX acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ZEROFOX deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.zerofox.com/press-release/haveli-completes-acquisition-of-zerofox/

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Home Database TMT (Tech, Media, Telecom)ZEROFOX

05/2024

ZEROFOX acquired by HAVELI INVESTMENTS

UNITED STATES Software EV 300M - 700M EUR

Context

The acquisition of ZeroFox by Haveli Investments represents a significant take-private transaction within the cybersecurity sector. This strategic privatization follows a comprehensive evaluation of capital structure alternatives and marks ZeroFox’s transition from a publicly traded entity on Nasdaq to a privately held growth platform. Under the terms of the all-cash agreement, stockholders received 1.14 USD per share, representing a substantial 45% premium over the 90-day volume-weighted average share price. The strategic rationale for the deal centers on providing ZeroFox with the financial flexibility and operational support required to accelerate its global expansion and product innovation without the constraints of public market volatility. Haveli Investments intends to leverage its deep expertise in the software and data sectors to propel the company’s next phase of growth, focusing on new market entry and the scaling of its AI-driven external attack surface management tools. This transaction highlights a robust trend of specialized technology sponsors acquiring high-growth SaaS platforms to consolidate their market leadership through disciplined capital deployment and strategic guidance.

ZEROFOX, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

ZeroFox is a premier enterprise Software-as-a-Service leader in external cybersecurity, specialized in protecting organizations beyond the traditional corporate perimeter. Headquartered in Washington, D.C., the company provides an innovative, unified platform that integrates external attack surface management, digital risk protection, and full-spectrum threat intelligence. By leveraging advanced AI analytics and automated orchestration, the firm identifies and disrupts a wide array of digital threats, including phishing campaigns, credential theft, brand impersonations, and data breaches across the public internet. Its business model focuses on a comprehensive lifecycle approach to cyber risk, offering robust incident and takedown response capabilities to safeguard the domains, people, and digital assets of thousands of global customers. ZeroFox serves a diversified client base spanning the public sector, finance, technology, and retail industries, acting as a mission-critical infrastructure provider in an era of increasing digital volatility.

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ZEROFOX by HAVELI INVESTMENTS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: zerofox

Acquirer: haveli investments