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Latham Advises Morgan Stanley Tactical Value, a Leading Private Capital Investor, in a Late Stage Convertible Investment in Cloud Unicorn Netskope

January 6, 2023
Multidisciplinary team advises on US$401 million investment in Netskope, a leading cloud technology platform.

Netskope, a leader in cloud computing security and networking, has announced an oversubscribed late stage convertible investment round of US$401 million. The financing was led by investment funds managed by Morgan Stanley Tactical Value, a leading private capital debt and equity investor, with participation from other premier investment firms including Goldman Sachs Asset Management, Ontario Teachers' Pension Plan, and CPP Investments. Morgan Stanley & Co. LLC served as sole placement agent and J Wood Capital Advisors LLC acted as financial advisor to Netskope.

Latham & Watkins LLP represents Morgan Stanley Tactical Value in the investment with a transactional team led by Bay Area partner Haim Zaltzman, Boston partner John Miller, and New York partner Reza Mojtabaee-Zamani, with associates Christopher Yu, Andrew Rondeau, and Dante Spurlock. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Aaron Bernstein; on government contracts matters by Washington, D.C. counsel Dean Baxtresser, with associate Julia Lippman; on intellectual property matters by Los Angeles partner Ghaith Mahmood, with associate Nathan Wages; on data privacy matters by Houston counsel Robert Brown; on benefits matters by Century City partner Julie Crisp, with associate Aaron Tso; and on export controls and ABC compliance matters by Washington, D.C. counsel Andrew Galdes.