Thoma Bravo Acquires Darktrace in $4.6 Billion Cybersecurity Deal

Tech Titans Thoma Bravo and Darktrace Seal $4.6 Billion Cybersecurity Deal

In a groundbreaking move that has sent shockwaves through the cybersecurity sector, American private equity firm Thoma Bravo has announced its agreement to acquire British cybersecurity giant Darktrace for a staggering $4.6 billion. This all-cash transaction, valued at $5.3 billion, marks a significant milestone for both companies and the industry as a whole.

The acquisition, pending shareholder approval, has already received the green light from the boards of both Darktrace and Thoma Bravo, signaling a strong vote of confidence in the deal’s potential. Following the announcement, Darktrace’s shares surged by over 19%, reflecting investor enthusiasm for the partnership.

Under the terms of the acquisition, Darktrace shareholders stand to benefit substantially, receiving $7.75 (620p) for each share they hold, representing a remarkable 44.3% premium compared to Darktrace’s recent stock performance. Darktrace’s board has expressed confidence in the offer, stating that it provides shareholders with certainty and fair value for their investments.

Gordon Hurst, Chair of Darktrace, highlighted the potential benefits of partnering with Thoma Bravo, a financial powerhouse with deep expertise in the software sector. The proposed acquisition is expected to provide Darktrace with access to a strong financial partner that can enhance its position as a leading cyber AI business.

The potential takeover of Darktrace by Thoma Bravo has also drawn attention to the state of the UK’s tech industry, with analysts emphasizing the need for governmental action to retain tech companies within the UK market. If approved by shareholders, the acquisition is set to be finalized in the third or fourth quarter of 2024, with Thoma Bravo expressing its commitment to supporting Darktrace’s growth and development as a global leader in cybersecurity.

Thoma Bravo’s acquisition of Darktrace represents a strategic move for both entities and a significant development in the cybersecurity sector, positioning Darktrace for accelerated expansion and innovation with the backing of a seasoned investor.