Still, this is not a done deal. The Thoma Bravo-Proofpoint buyout agreement includes a 45-day “go-shop” period — which allows Proofpoint to pursue alternative acquisition proposals from other potential suitors. The go-shop period expires on June 9, 2021.
Thoma Bravo has been an active investor and buyer in the cybersecurity market. The company’s key investments include Barracuda Networks and Sophos, among many other firms.
The private equity firm also owns and/or has investments in MSP-centric technology platform providers such as ConnectWise and N-able (formerly SolarWinds MSP).
Thoma Bravo: More Private Equity Acquisitions Coming