Key insights
- Proofpoint Inc. is acquiring Varonis Systems Inc. for approximately $6.3 billion in cash, with Proofpoint securing $1.25 billion in debt financing led by JPMorgan Chase & Co. and UBS Group AG. Thoma Bravo and Ontario Teachers’ Pension Plan are providing equity financing. The acquisition is expected to close in the first half of 2027.
Investing.com - Thoma Bravo-backed Proofpoint Inc. has secured $1.25 billion in financing to support its acquisition of cybersecurity firm Varonis Systems Inc., according to Bloomberg, citing people familiar with the matter.
JPMorgan Chase & Co. (NYSE:JPM) and UBS Group AG (NYSE:UBS) have been appointed to lead a transaction to sell that debt in the high-yield bond market at a later date, the people said. The deal is expected to close in the first half of 2027.
Proofpoint agreed Thursday to pay $49.75 a share in cash for Varonis Systems Inc. (NASDAQ:VRNS). That price valued the company at about $6.3 billion.
Thoma Bravo said it is providing equity financing for the purchase of Varonis. The Ontario Teachers’ Pension Plan has also agreed to make an investment in Proofpoint to support the acquisition.
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