Thoma Bravo has offered Proofpoint shareholders $176 per share to wholly acquire the cybersecurity company.
Proofpoint has entered into an agreement with Thoma Bravo that will see the cybersecurity company become a wholly owned entity of the private equity firm. Thoma Bravo has agreed to spend around $12.3 billion on the acquisition. Under the terms of the all-cash agreement, Proofpoint shareholders will receive $176 per share. The company said this represents a premium of approximately 34% over Proofpoint’s closing share price on 23 April 2021. “Upon completion of the transaction, Proofpoint will become a private company with the flexibility and resources to continue providing the most effective cybersecurity and compliance solutions to protect people and organisations around the world,” the company said in a statement. “Additionally, Proofpoint will benefit from the operating capabilities, capital support, and deep sector expertise of Thoma Bravo — one of the most experienced and successful software investors in the world.” Thoma Bravo is no stranger to the tech market.
