Private equity firm Thoma Bravo continues to acquire cybersecurity technology and software companies. The latest target involves buying email security provider Proofpoint for $12.3 billion, Thoma Bravo disclosed today.
This is technology M&A deal number 245 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Proofpoint: Seeking Higher Buyout Price?
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: More Private Equity Acquisitions Coming
It's a safe bet Thoma Bravo will remain in acquisition mode. The private equity firm in October 2020 raised $22.8 billion to acquire and/or invest in more technology companies, The Wall Street Journal reported at the time.