TPG buying Forcepoint’s cyber security business for a reported $2.45 bln

TPG Inc. TPG said Monday it will buy the government cyber security business of Francisco Partners-backed software company Forcepoint for an undisclosed price. The deal had been reported earlier by The Wall Street Journal for a reported price of $2.45 billion. The price for the business unit is more than twice the cost of Francisco’s acquisition for all of Forcepoint in 2021 from seller Raytheon RTX. The deal is expected to close in the fourth quarter.

... TPG Inc. TPG said Monday it will buy the government cyber security business of Francisco Partners-backed software company Forcepoint for an undisclosed price. The deal had been reported earlier by The Wall Street Journal for a reported price of $2.45 billion. The price for the business unit is more than twice the cost of Francisco’s acquisition for all of Forcepoint in 2021 from seller Raytheon RTX . The deal is expected to close in the fourth quarter.

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TPG to acquire unit of cybersecurity company Forcepoint for $2.45 billion: reportPrivate-equity firm TPG will acquire the government-cybersecurity unit of software company Forcepoint for about $2.45 billion, the Wall Street Journal...
Source: MarketWatch - 🏆 3. / 97 Read more »