April 26, 2021 | Technology | North America | Active

Proofpoint / Thoma Bravo: New Deal Insights


Within a week of completing its $10.2bn buyout of real estate software company, RealPage, Thoma Bravo confirmed a $12.3bn definitive agreement to acquire cybersecurity company, Proofpoint, in what will be the largest software LBO since Hellman & Friedman’s $11.0bn Ultimate Software takeover in 2019. The sponsor’s offer is a 34% one-day premium over Proofpoint’s undisturbed price, and the deal has been unanimously approved by the Proofpoint board. Conditions include target shareholder approval, antitrust approvals (US and other jurisdictions) and foreign investment approvals, with HSR expected to be filed within ... Deal risks assessed in this research report: • Unexpected antitrust scrutiny based on the 12 security companies already owned by Thoma Bravo



How to Access this Report

Please contact us to request access to this report.


CONTACT US


Share this article



← RETURN TO RESEARCH

Back to top of page