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Benzinga
Benzinga
Business
Anusuya Lahiri

KKR To Acquire Cybersecurity Firm From Thoma Bravo For Undisclosed Sum

Thoma Bravo KKR Barracuda NYSE California
  • KKR & Co Inc (NYSE:KKR) has agreed to acquire cybersecurity company Barracuda Networks Inc from Thoma Bravo.
  • The deal terms were not disclosed, but Bloomberg reports that the transaction could value Barracuda at ~$3.8 billion, including debt.
  • Cybersecurity assets lure private equity firms due to their steady cash flows and market opportunity.
  • This week, Thoma Bravo agreed to acquire SailPoint Technologies Holdings Inc (NYSE:SAIL), a previously owned company, for $6.9 billion.
  • Thoma Bravo took Campbell, California-based Barracuda private in 2018 for ~$1.6 billion.
  • Price Action: KKR shares traded lower by 1.69% at $55.31 on the last check Tuesday.
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