Press Release

Kirkland Advises L&F on $1.4 Billion Business Combination with ZeroFox and IDX

Kirkland & Ellis counseled L&F Acquisition Corp. (NYSE: LNFA), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, on a definitive agreement for a business combination that will result in ZeroFox, Inc., an enterprise software-as-a-service (Saas) leader in external cybersecurity, becoming a publicly traded company with an expected equity value of approximately $1.4 billion, assuming no redemptions. As part of the transaction, ZeroFox will acquire IDX, a leading digital privacy protection and data breach response services company, resulting in the creation of a cybersecurity provider addressing the full lifecycle of external cyber threats and risks for its customers. Upon closing of the transaction, the combined company will be renamed ZeroFox Holdings, Inc. and expects to be listed under the ticker symbol “ZFOX”.

Read ZeroFox’s press release

The Kirkland team was led by corporate partner John Kaercher and associates Daniel Cadis, Tess Dennis and Bridget Hamway; and capital markets partners Peter Seligson, Tamar Donikyan and Aslam Rawoof; and included assistance from corporate partner Rick Campbell.