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Thoma Bravo snaps up Proofpoint for US$12.3B
Will continue to operate from its California headquarters.
Private equity firm Thoma Bravo has built up its cyber security portfolio through purchasing Proofpoint for about US$12.3 billion.
Under the terms of the agreement, Proofpoint shareholders will receive US$176.00 per share in cash, representing a premium of approximately 34 percent over Proofpoint’s closing share price on 23 April.
Upon completion of the transaction, Proofpoint will become a private company and stands to benefit from the operating capabilities, capital support and deep sector expertise of Thoma Bravo. It will continue to operate from its California headquarters.