Orrick has advised Turn/River Capital in a $625 million investment in Invicti Security led by Summit Partners. The new financing will support Invicti's continued growth and product development initiatives. Summit will join forces with Turn/River, which first invested in Invicti in 2017 and will remain a significant shareholder going forward. The transaction is expected to close during the fourth quarter, subject to standard closing conditions.
The Orrick team advising Turn/River was led by Daniel Lopez and Matthew Gemello and included Max Hyatt, Derek Jones, Rachel Rice, Kyle Zhu, Eric Wall, Steven Malvey, Peter Elias, Sarah Schaedler, Daniel Healow, Matthew Coleman, Jason Flaherty, Michael Wiesner, Keith Tidwell, Amy Ray, Jennifer Clarke-Smith, Jeanine McGuinness, Harry Clark, Zachary Finley, Criselda Sandoval, Spencer Cohen and David Gold.