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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.
Thoma Bravo to acquire Proofpoint in $12.3 billion deal
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It is the largest-ever acquisition of a cloud firm by venture capital
Thoma Bravo to acquire Proofpoint in $12.3 billion deal
Private equity investment firm Thoma Bravo has entered into a definite agreement to acquire cyber security vendor Proofpoint, in a deal valued at $12.3 billion (£8.9 billion).
As part of the all-cash transaction, Thoma Bravo will pay a 34 per cent premium over Proofpoint s closing share price on 23rd April ($131.78), with Proofpoint shareholders set to receive $176 (£127) per share in cash.
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Announces First Quarter Fiscal Year 2021 Financial Results
SUNNYVALE, Calif. and SAN FRANCISCO, April 26, 2021 (GLOBE NEWSWIRE) Proofpoint, Inc. (NASDAQ:PFPT) (the Company ), a leading cybersecurity and compliance company, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, in an all-cash transaction that values Proofpoint at approximately $12.3 billion.
Under the terms of the agreement, Proofpoint shareholders will receive $176.00 per share in cash, representing a premium of approximately 34 percent over Proofpoint s closing share price on April 23, 2021, the last full trading day prior to the transaction announcement, and a premium of approximately 36 percent over Proofpoint s three-month volume-weighted average closing share price through April 23, 2021. Upon completion of the transaction, Proofpoint will become a privat