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Private Equity giant Carlyle Group has sold its majority stake in Cyberoam Technologies to Sophos Ltd, a developer and vendor of security software and hardware.
J. Sagar Associates advised Carlyle Group and the Management Shareholders of Cyberoam, a leading unified threat management/network security solutions (UTM) company headquartered in Ahmedabad.
The JSA team was led by Partners Somasekhar Sundaresan and Vikram Raghani along with Senior Associate Anand Lakra and Associate Bir Bahadur Singh Sachar.
Khaitan & Co acted as Indian legal counsel for Sophos with a team led by Partner Aakash Choubey while DLA Piper acted as International legal counsel with a team led by Partners Charles Severs and Dr. Benjamin Parameswaran.
JSA had also advised the Carlyle Group at the time of their investment in Elitecore Technologies in 2007. Cyberoam was formed in 2012 pursuant to a demerger of the UTM business of Elitecore, according to Mint.