British cybersecurity firm Darktrace has announced its sale to U.S. private equity firm Thoma Bravo for an all-cash offer of $5.315 million. The deal, which values Darktrace at $7.75 per share, has seen the company’s shares surge by 17%. This move comes as a blow to the London Stock Exchange, where Darktrace listed in 2021, as the company believes it is undervalued in the U.K. market.
Darktrace’s decision to sell to Thoma Bravo was influenced by its belief that its operational and financial achievements are not adequately reflected in its valuation in the U.K. stock market. The company stated that its shares are trading at a significant discount compared to its global peer group. Darktrace specializes in artificial intelligence-based cybersecurity solutions for large companies and events, and currently employs around 2,300 individuals worldwide.
Thoma Bravo sees its acquisition of Darktrace as a strategic move to increase its exposure to the large and growing cybersecurity market. The private equity firm believes that investing in Darktrace will help scale the business globally and capitalize on its expertise in AI-based cybersecurity solutions. The deal, which offers a 44.3% premium to the average volume-weighted Darktrace share price in the three months leading up to April 25, represents a significant opportunity for Thoma Bravo to expand its presence in the cybersecurity sector.
The sale of Darktrace to Thoma Bravo marks a significant milestone for the British cybersecurity firm and the London Stock Exchange. The decision to sell to a U.S.-based private equity firm reflects Darktrace’s desire to leverage its global growth potential and capitalize on its expertise in AI-based cybersecurity solutions. The company’s success and innovation in the cybersecurity industry have attracted the attention of Thoma Bravo, positioning Darktrace as a key player in the fast-evolving cybersecurity market.
As Darktrace transitions to ownership under Thoma Bravo, the company is poised to further expand its reach and capabilities in the cybersecurity sector. Thoma Bravo’s investment will enable Darktrace to accelerate its global growth, develop new technologies, and enhance its position as a leader in AI-based cybersecurity solutions. The deal signifies a new chapter for Darktrace as it embarks on a path to maximize its potential and solidify its position in the competitive cybersecurity market.
In conclusion, the sale of Darktrace to Thoma Bravo represents a strategic move for both companies to capitalize on the growing demand for cybersecurity solutions. The acquisition underscores Darktrace’s commitment to driving innovation and growth in the cybersecurity sector, while providing Thoma Bravo with an opportunity to expand its presence in the market. As Darktrace continues to evolve under new ownership, the company is well-positioned to build on its success and further solidify its position as a trusted provider of AI-based cybersecurity solutions in the global market.
