Twitter LinkedIn
    Friday, March 24
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Acquisitions»Thoma Bravo Completes Acquisition of Proofpoint
    Acquisitions

    Thoma Bravo Completes Acquisition of Proofpoint

    September 1, 20212 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. (“Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo’s acquisition of Proofpoint for approximately $12.3 billion in cash. The acquisition was previously announced on April 26, 2021, and Proofpoint’s stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021.

    Upon completion of the acquisition, Proofpoint stockholders were entitled to receive $176.00 in cash for each share of Proofpoint common stock they own. Proofpoint common stock has ceased trading and is no longer listed on the Nasdaq stock exchange.

    Gary Steele, Chairman, and CEO of Proofpoint, said, “We are excited about this next chapter in our company’s journey. Proofpoint is well-positioned to benefit from Thoma Bravo’s significant experience investing in software companies and overall approach to value creation. I’m extremely grateful to our team members whose dedication and hard work have contributed to Proofpoint’s success and made this possible and, together, I know we’ll deliver even more innovative solutions for our customers.”

    “We are looking forward to working closely with Gary and the Proofpoint team to leverage Thoma Bravo’s deep cybersecurity expertise to help propel the company’s continued innovation and growth. We believe that as cyber threats continue to evolve, Proofpoint’s people-centric security and compliance strategy along with its innovative product suite will allow Proofpoint to drive significant growth and offer protection to even more customers as a private company” said Seth Boro, a Managing Partner at Thoma Bravo

    Read more/Source: ThomaBravo

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisitions Deals Transactions peinsider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    PE firm CVC buys $155 mln minority stake in Indonesia’s Samator Indo Gas

    March 17, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    Recent Rule Changes Spark New Wave of Private Equity Ownership in Pro Sports

    November 29, 2022

    Comments are closed.

    Other Articles

    Goldman Sachs Asset Management forms Healthcare Advisory Council

    February 21, 2022

    Convey to be taken private by TPG in $1.1B deal

    June 22, 2022

    Behrman Capital’s Emmes acquires Neox

    January 9, 2021

    HIG WhiteHorse closes latest direct lending fund at USD1.65bn

    July 19, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?