RSA investment by Clearlake Capital
We are advising RSA on the investment

Davis Polk is advising RSA Security LLC and a consortium led by Symphony Technology Group in connection with a new equity investment by Clearlake Capital Group, L.P. With this investment, Clearlake will become an equal partner with Symphony Technology Group, which initially acquired the business in 2020 alongside Ontario Teachers' Pension Plan Board from Dell Technologies. Financial terms of the transaction were not disclosed.

RSA, a leader in cybersecurity and risk management solutions, provides organizations with technology to address challenges across security, risk management and fraud prevention in the digital era. Clearlake is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. STG is the private equity partner to market leading companies in data, software and analytics. Ontario Teachers' is the administrator of Canada's largest single-profession pension plan, with C$204.7 billion in net assets (all figures at June 30, 2020 unless noted).

The Davis Polk corporate team includes partners John D. Amorosi and Darren M. Schweiger and associates Arthur M.T. Burke, Michael Gilson, Ashtyn Ka and Jessica Brodman. Partner Sartaj Gill and associate Jack Orford are providing finance advice. Partner David H. Schnabel is providing tax advice. Partner Adam Kaminsky is providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC.