- KKR & Co Inc 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 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
