Newtown Lane Marketing Merges with Appgate; Magnetar Invests $25M
October 13, 2021
Appgate, a Zero Trust cybersecurity company, completed a merger with Newtown Lane Marketing (OTC: NTWN) on October 12, 2021, enabling Appgate to become a publicly quoted company on the OTC Bulletin Board with plans to uplist to Nasdaq or NYSE. Magnetar Financial LLC invested $25 million in convertible notes (in addition to a prior $50 million), implying a $1 billion post-money valuation; BC Partners retained its ownership interest following the merger.
- Buyers
- Newtown Lane Marketing, Incorporated, Magnetar Financial LLC, BC Partners
- Targets
- Appgate, Inc.
- Industry
- Cybersecurity
- Location
- Florida, United States
- Transaction Type
- Buyout
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