Sale of Garrison15 Jul 2024 14:39
Portfolio company Garrison acquired by Everfox
Congratulations to the Garrison Technology team on the sale of the business to US-based cybersecurity firm Everfox (formerly Forcepoint Federal).
Having first invested in Garrison Technology back in mid-2015, and having supported the business’ growth over several rounds since, we are delighted with this outcome.
We will be receiving cash consideration for our holding in Garrison and while we can’t provide numbers at this point, we can say that the transaction won’t result in a significant change in our Net Asset Value, which reinforces our valuation approach.