Financial buyers have taken advantage of more modest public company valuations to grow their cybersecurity portfolio. These private equity firms want to shed legacy costs, grow the total addressable market through tuck-in acquisitions, and return the company to the public markets or find a new buyer within a half-decade. The deal-making began in August, when Thoma Bravo snagged email security vendor Proofpoint for $12.3 billion in what was then the largest security acquisition of all time.”]
Source: https://www.cuinfosecurity.com/pe-firms-on-prowl-for-take-private-cybersecurity-deals-a-18989