Sophos is to be acquired by a US private equity firm for $3.9 billion, it was announced. The sale price represents a 37% premium on the Sophos market trading price.
The PE firm Thoma Bravo is a leading private equity investor focusing on software and technology service sectors. Its offer for 583p per share has been accepted by the Sophos board and now goes to shareholders.
Peter Gyenes, chairman of Sophos, said the takeover ‘secures the delivery of future value for shareholders today’ thanks to Thoma Bravo’s ‘deep sector expertise’.
“Under Thoma Bravo’s ownership we expect Sophos to accelerate its evolution and leadership in next-generation cybersecurity,” he added.
Recently, Thoma Bravo acquired a minority stake in McAfee and was rumoured to be interested in acquiring the whole company.
Headquartered at Abingdon Science Park, Abingdon, Sophos is a major Thames Valley success story. Founded in 1985, it has grown through the development and sale of antivirus technology, and now has over 3,000 employees worldwide.