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Oct 16, 11:47 PM
Thoma Bravo-backed Proofpoint has secured
$1.25 billion in financing to support its acquisition of cybersecurity company Varonis Systems, according to Bloomberg, citing people familiar with the matter. JPMorgan Chase and UBS have been appointed to lead a high-yield bond sale at a later date, providing an additional source of funding for the transaction. The acquisition is expected to close in the first half of 2027.
Proofpoint agreed on Thursday to acquire Varonis for
$49.75 per share in cash, valuing the cybersecurity company at approximately
$6.3 billion. Thoma Bravo will contribute equity financing to support the purchase, while Ontario Teachers’ Pension Plan has also agreed to invest in Proofpoint as part of the funding package.
The transaction also highlights continued access to debt markets for large private-equity-backed deals, with JPMorgan and UBS expected to manage the future high-yield offering.
$JPM $UBS $VRNS
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