Darktrace share price soars as Thoma Bravo enters talks to take company private | AltAssets Private Equity News
Summary
UK cybersecurity business Darktrace has seen its share price soar after it emerged US buyout house Thoma Bravo has begun talks to take the company private. Darktrace’s market capitalisation has surged to about £3.6bn after it revealed the approach in a regulatory filing. Thoma Bravo has until September 12 to make a formal offer or end its pursuit. In April this year Thoma Bravo agreed to sell cybersecurity business Barracuda Networks to buyout giant KKR. Thoma Bravo is currently in the market raising its fifteenth flagship fund, and has collected a $100m commitment from PennSERS and up to $150m from the Texas County & District Retirement System.
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Entertainment
applications
AI & Machine learning
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Cybersecurity Software
SaaS
Network Security
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Darktrace
$250M to $500M