Thoma Bravo in $3.8bn buyout of Sophos, adding another cyber firm to its stable
The move follows several other buyout deals of listed UK companies by US funds as the pound weakens ahead of Brexit
14 October 2019 - 18:20
Bengaluru — US private equity firm Thoma Bravo is adding Sophos to its cyber security stable, announcing on Monday a buyout deal that values the British maker of antivirus and encryption products at about $3.8bn.
The takeover price of 583p per share represented a 37% premium from Sophos’s closing price on Friday and Sophos shares surged nearly 38% on news of the deal...
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