Thoma Bravo to buy Sophos for $3.9 billionChristian Fernsby ▼ | October 14, 2019
Sophos is to be bought by a US private equity group for $3.9 billion.
Acquisition Sophos employs 3,400 people
Topics: Thoma Bravo Sophos
It is the first acquisition outside the US for the San Francisco-based buyout firm.
Sophos shares jumped 37% to 585p, in line with the bid terms of $7.40p a share (583p).
Sophos floated at 225p in June 2015, valuing the firm at just over £1bn, in one of the biggest technology IPOs in the UK that year.
It was its third attempt at going public. ■