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Latham & Watkins Advises KKR and Ten Eleven Ventures in NetSPI‘s US$90 Million Growth Funding

May 12, 2021
A corporate deal team advises lead investors in the cyber security penetration testing company’s funding.

NetSPI, a leader in enterprise penetration testing and attack surface management, has announced it raised US$90 million in growth funding led by KKR, with participation from Ten Eleven Ventures. The investment will be used to further accelerate NetSPI’s rapid growth by expanding the company’s cyber security and client experience teams, investing in product innovation, and deepening operations across US and international markets.

Latham & Watkins represents KKR and Ten Eleven Ventures in the transaction with a corporate deal team led by Boston partner Ryan McCarthy, with Boston associates John Miller, Eli Slawsby, and Michael Casagrande. Advice was also provided on tax matters by Los Angeles partner Larry Stein, and Los Angeles counsel Will Kessler; on intellectual property and privacy matters by Boston partner Sarah Gagan, and Washington, D.C. counsel Marissa Boynton, with Boston associate Deborah Hinck and Bay Area associate Rachel Horn; on benefits and compensation matters by New York partner Jennifer Pepin; and on insurance matters by Los Angeles partner Drew Levin, with San Diego associate Hannah Cary.