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Procera Networks goes private in all-cash buyout

New York – Paul Hastings LLP, a leading global law firm, advised network equipment maker Procera Networks Inc. (PKT) in a buyout by technology-focused private equity firm Francisco Partners Management LP. The all-cash deal, valued at approximately $240 million, closed Friday. 

Procera specializes in designing and selling solutions based on deep packet inspection technology (DPI), which allows network operators to better assess subscriber experience. The company was founded in 2001 and went public two years later. 

Paul Hastings corporate partners Jeff Hartlin and Claudia Simon represented Procera in the deal. 

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.