Monday, November 27, 2017

Thoma Bravo to privatize Barracuda Networks for $1.6B

Thoma Bravo, a leading private equity firm, will acquire all shares of Barracuda Networks (NYSE: CUDA) in an all-cash transaction valued at $1.6 billion. Barracuda shareholders will receive $27.55 in cash for each share of Barracuda common stock they hold. The price represents a premium of 22.5 percent to the company's 10-day average stock price prior to Nov. 27, 2017, of $22.49.

Barracuda supplies appliance and cloud-enabled solutions for data protection.

"We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform that's purpose-built for highly distributed, diverse cloud and hybrid environments. We will continue Barracuda's tradition of delivering easy-to-use, full-featured solutions that can be deployed in the way that makes sense for our customers," said BJ Jenkins, chief executive officer of Barracuda. "Thoma Bravo has an excellent history of investing in growing security businesses, and this transaction speaks to the value and strength of Barracuda's security platform, which helps customers protect and manage their networks, applications, and data. I expect that our employees, customers, and partners will benefit from this partnership."

"Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment," said Seth Boro, a managing partner at Thoma Bravo. "We believe that Barracuda is at the forefront of innovation in several highly strategic areas of the cybersecurity market and are excited to be the company's partner in the next phase of its growth."

Thoma Bravo to Acquire Majority Stake in DigiCert


Thoma Bravo, a leading private equity investment firm, agreed to acquire a majority interest in DigiCert from TA Associates, another private equity firm currently holding the majority share. Financial terms were not disclosed. DigiCert is a global SSL Certificate Authority (CA) and the leading provider of trusted certificate management solutions.  The company provides its digital certificates to over 115,000 customers in more than 180 countries,...

Thoma Bravo Completes Acquisition of Riverbed


Thoma Bravo, a leading private equity investment firm, and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan, completed their previously announced acquisition of Riverbed Technology. The acquisition is valued at approximately $3.5 billion, with Riverbed stockholders receiving $21.00 per share in cash. “With this acquisition now complete, our team can begin to move forward with the strategic initiatives...

Blue Coat to be Acquired by Bain Capital from Thoma Bravo


Bain Capital, one of the world’s foremost private investment firms, will acquire Blue Coat Systems from Thoma Bravo for approximately $2.4 billion in cash. Blue Coat, which is based in Sunnyvale, California, provides on-premise, hybrid and cloud-based solutions for protecting web connectivity, combating advanced threats and responding to security breaches. Bain Capital indicated a possible return to the public market for Blue Coat. “We are excited...

0 comments:

Post a Comment

See also