Blue Coat Systems, an enterprise security company specializing in corporate networking and hardware, confirmed on Tuesday it has been acquired by Bain Capital for approximately $2.4 billion.
The transaction is expected to close during the first half of 2015.
Goldman Sachs is serving as financial advisor to Blue Coat with Wilson Sonsini Goodrich & Rosati acting as the legal advisor.
Jefferies is acting as sole financial advisor to Bain Capital with Ropes & Gray acting as legal counsel and PricewaterhouseCoopers tapped for accounting for the private investment firm.
The Sunnyvale, Calif.-based company went private in 2011 when purchased by private equity firm Thoma Bravo -- Blue Coat's owner up until now -- in a deal valued at $1.3 billion.
Since its acquisition by Thoma Bravo three years ago, Blue Coat boasted it now counts approximately 80 percent of the Fortune 500 as customers of its on-premise, hybrid and cloud-based solutions.
David Humphrey, a managing director at Bain Capital, noted in the announcement that Blue Coat will continue to grow "organically and through acquisitions" as the tech brand plots its return to public markets.