Davis Polk advised Comodo Group on the acquisition of a majority stake in its certificate authority business by Francisco Partners. Financial terms of the transaction were not disclosed.
Comodo Certificate Authority is the world’s largest provider of SSL certificates by volume having issued over 91 million certificates and serving over 200,000 customers across 150 countries. Comodo Group is a global innovator of cybersecurity solutions, protecting critical information across the digital landscape. Francisco Partners is a private equity firm, which specializes in investments in technology and technology-enabled services businesses.
The Davis Polk corporate team included partners William H. Aaronson and Will Pearce and associates Gary Pong, Michael Zhuoran Xu, William Tong and Daisy Wu. Associate Tilak Koilvaram provided intellectual property and technology advice. Associate Elina Khodorkovsky provided tax advice. Partner Jeffrey P. Crandall and associate Brian Gregory Sieben provided executive compensation advice. Members of the Davis Polk team are based in the New York and London offices.