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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now