Global private equity investor Advent International has entered into an agreement to acquire cybersecurity company Forescout Technologies in a deal valued at $1.9 billion.

As a co-investor and advisor, Advent will be joined by Crosspoint Capital Partners, a private equity investment firm focused on the cybersecurity and privacy industries.

The transaction is expected to close in the second calendar quarter of 2020. Upon completion of the transaction, Forescout common stock will no longer be listed on any public market. CEO and President Michael DeCesare will continue to lead the company. Further, Forescout will continue to be headquartered in San Jose, California.

However, the agreement includes a 30-day “go-shop” period expiring on March 8, 2020. It allows Forescout’s Board of Directors and advisors to solicit alternative acquisition proposals from third parties.

Once the transaction is completed, Forescout will become a private company with the flexibility to continue investing in the development and deployment of cybersecurity products and solutions that serve the evolving needs of enterprise customers.