Financial Advisor
GlobalSCAPE, Inc.
M&A Advisory
Has Been Acquired By
Transaction Details
- On July 20, 2020, GlobalSCAPE, Inc. (NYSE American: GSB) and HelpSystems, LLC jointly announced they have signed a definitive merger agreement under which HelpSystems will acquire all outstanding shares of GlobalSCAPE for $9.50 per share in cash
- On August 28, 2020, HelpSystems announced the successful completion of its cash tender offer for all of the outstanding shares of GlobalSCAPE
- ― HelpSystems is a portfolio company of TA Associates, Charlesbank Capital Partners and HGGC
- The transaction was structured as a tender offer followed by a merger, valued at approximately $219 million, including debt to be refinanced
About the company
GlobalSCAPE, Inc.
GlobalSCAPE is a pioneer in securing and automating the movement and integration of data seamlessly in, around and outside organizations, between people and places, in and out of the cloud. Founded in 1996, GlobalSCAPE’s data exchange and integration software and cloud services are trusted by thousands of customers worldwide, including global enterprises, governments as well as small and medium enterprises
HelpSystems, LLC
HelpSystems is a software company focused on helping exceptional organizations Build a Better ITTM. HelpSystems’ cybersecurity and automation solutions simplify critical IT processes to give customers a peace of mind
Sources: Company Fillings and Press Release
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