Elliott's Evergreen and QIA complete take-private buyout of Gigamon

Evergreen Coast Capital, the private equity arm of Elliott Management and the Qatar Investment Authority have completed their previously announced take-private acquisition of Gigamon Inc, a provider of traffic visibility solutions for cybersecurity and monitoring applications. The deal is valued at about $1.6 billion. As a result of the closing, Gigamon will no longer trade on the New York Stock Exchange. Goldman Sachs is providing financial advice to Gigamon on the transaction while Jefferies LLC is doing likewise to Elliott. And, Macquarie Capital LLC is serving as financial adviser to Evergreen.

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