Latham & Watkins Advises CyberArk on Its US$1.54 Billion Acquisition of Venafi

Latham & Watkins has advised CyberArk (NASDAQ: CYBR), the identity security company, on a definitive agreement to acquire Venafi, a leader in machine identity management, from Thoma Bravo. This acquisition will combine Venafi’s best-in-class machine identity management capabilities with CyberArk’s leading identity security capabilities to establish a unified platform for end-to-end machine identity security at enterprise scale. CyberArk intends to acquire Venafi for an enterprise value of approximately US$1.54 billion.

Latham’s cross-border team was led by London partner Josh Kiernan, Silicon Valley partner Josh Dubofsky, and New York partner Leah Sauter, with Tel Aviv associate Gilad Zohari and New York associates Katherine Cody and Jamie Savren. Advice on intellectual property matters was provided by Boston partner Sarah Gagan, with associate Deborah Hinck; on data privacy matters by Washington, D.C. partner Tony Kim, London partner Gail Crawford and counsel Danielle van der Merwe, with associates Jennifer Howes, Sarah Zahedi, Clarence Cheong, and Kate Burrell; on tax matters by New York partner Jocelyn Noll, with associate Nick Sun; on antitrust matters by Hamburg partner Jana Dammann de Chapto and Washington, D.C. partner Ian Conner, Brussels counsel Wesley Lepla and Washington, D.C. counsel Britton Davis, with associate Sean Mulloy; on executive compensation and benefits matters by Washington, D.C. partner David Della Rocca and counsel Laura Szarmach, with associate Bryce Williamson; on employment matters by Chicago partner Nineveh Alkhas, with associate Jocelyn Wexler; on insurance matters by Los Angeles partner Drew Levin and counsel Hannah Cary; on anti-corruption matters by London partner Nathan Seltzer, with associate Faiza Hasan; and on sanctions matters by Washington, D.C. partner Les Carnegie and counsel Zachary Eddington, with associates Matthew Gregory, Ragad Alfaraidy, and Monica Calce.