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Potter Anderson Advises Special Committee of KnowBe4 in $4.6B Acquisition by Vista Equity Partners

October 12, 2022

KnowBe4, Inc. (“KnowBe4”), the provider of the world’s largest security awareness training and simulated phishing platform, has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”) in an all-cash transaction valued at approximately $4.6 billion on an equity value basis.

In connection with Vista’s initial acquisition proposal, KnowBe4 announced that its board of directors had formed an independent special committee to review Vista’s proposal and other potential value creation opportunities. Following a robust process, the special committee and KnowBe4’s board of directors each unanimously determined that the transaction with Vista is in the best interests of KnowBe4 and its stockholders.

Potter Anderson is serving as legal advisor to the special committee of KnowBe4 on the deal. The team includes partners Mark Morton and Alyssa Ronan and associates Garrett Lyons and Zack Woerner.