Proofpoint taps JPMorgan, UBS for $1.25 billion debt deal - Bloomberg
Thoma Bravo-backed cybersecurity firm Proofpoint Inc. has secured $1.25 billion in financing to support its acquisition of Varonis Systems Inc., according to Bloomberg. JPMorgan Chase & Co. and UBS Group AG have been appointed as lead transaction banks for the high-yield bond sale, with the deal expected to close in the first half of 2027.
The proposed price of $49.75 per share for Varonis Systems Inc. values the company at approximately $6.3 billion. Thoma Bravo is providing equity financing for the purchase, while the Ontario Teachers’ Pension Plan has also invested in Proofpoint to support the acquisition.
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