Key Takeaways
- • Thoma Bravo-backed Proofpoint has agreed to acquire listed data security specialist Varonis Systems in a $6.3bn all-cash transaction, according to AltAssets.
- • Varonis shareholders will receive $49.75 per share, a 52% premium to the company's June 22 closing price.
- • Thoma Bravo is providing equity financing for the Proofpoint-Varonis deal, extending the sponsor's consolidation of the cybersecurity sector.
- • The same roundup reports that GTCR and Elliott have agreed a $6.1bn take-private of CCC.
Summary
Thoma Bravo-backed cybersecurity business Proofpoint has agreed to acquire Varonis Systems, a listed data security specialist, in a $6.3bn all-cash transaction, according to AltAssets Private Equity News. The deal extends private equity sponsor Thoma Bravo's consolidation of the cybersecurity sector, with Proofpoint serving as the acquisition vehicle.
Varonis shareholders will receive $49.75 per share. The price represents a 52% premium to Varonis's closing price on June 22, a figure that gives public-market investors a clear reference point for the valuation. Thoma Bravo is providing equity financing for the transaction.
The same AltAssets roundup also reports that GTCR and Elliott have agreed a $6.1bn take-private of CCC. The source article available for this summary is a partial, subscriber-gated excerpt, so additional terms, financing structure, regulatory timelines and closing conditions for either transaction could not be verified from the material provided.
Varonis shareholders will receive $49.75 per share. The price represents a 52% premium to Varonis's closing price on June 22, a figure that gives public-market investors a clear reference point for the valuation. Thoma Bravo is providing equity financing for the transaction.
The same AltAssets roundup also reports that GTCR and Elliott have agreed a $6.1bn take-private of CCC. The source article available for this summary is a partial, subscriber-gated excerpt, so additional terms, financing structure, regulatory timelines and closing conditions for either transaction could not be verified from the material provided.
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