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Thoma Bravo to buy Sophos for $3.9 billion

Christian 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
The FTSE 250 company, which is based in Abingdon near Oxford and employs 3,400 people, said it would unanimously recommend the offer from Thoma Bravo.

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.