Ropes & Gray represented Bain Capital Tech Opportunities in its $190 million growth investment in Blackpoint Cyber, a leading cybersecurity company focused on providing managed service providers with technology to protect their customers from online threats. The investment will be used to fund further development of Blackpoint’s security technology and enable its MSP partners to combat a constantly changing threat landscape. The deal was announced in a June 8 press release.
The deal marks Bain Capital’s latest investment in the cybersecurity sector. The firm has invested in and added value to a wide range of early-stage to mature software companies such as InAuth (acquired by American Express), Rapid 7, Check Point, Barracuda Networks, SolarWinds, Evident.io (acquired by Palo Alto Networks), Blue Coat (acquired by NortonLifeLock), ExtraHop and BioCatch.
The Ropes & Gray team was led by private equity partners Elizabeth Gallucci and Charlie Boer, employment & benefits partners Renata Ferrari and Megan Bisk, tax partners Pam Glazier, Amanda Holt and Alyssa Kollmeyer, strategic transactions partners Ed Black and Violetta Kokolus, litigation & enforcement partner Nick Berg, and data, privacy & cybersecurity partner Ed McNicholas.
