Securing the way: B&C helps £4.3bn acquisition of Darktrace by Thoma Bravo

10/06/2024

We're delighted to have helped with the £4.3bn recommended cash acquisition of Darktrace plc by Thoma Bravo.

Darktrace is a global leader in cybersecurity artificial intelligence, providing a full lifecycle approach to cybersecurity enabling its 9,400 customers to identify, stop and respond to all known and unknown threats, across all aspects of an organisation's cybersecurity tools. Its shares are listed on the Premium Segment of the Official List and are admitted to trading on the Main Market of the London Stock Exchange.

Thoma Bravo is one of the largest software-focused investors in the world, with over $138 billion in assets under management as of December 31, 2023. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors.

Thoma Bravo recognises the strength of Darktrace's ActiveAI Security Platform, the expertise of its Cambridge-based technology team and the track record of its experienced management team, and believes that the acquisition represents an attractive opportunity to increase its exposure to the large and growing cybersecurity market and to invest to accelerate Darktrace's continued development and further scale the business globally.

It is intended that the acquisition will be implemented by way of a Court‑sanctioned Scheme of Arrangement, with shareholder documentation provided by Black&Callow.

Congratulations to both Darktrace and Thoma Bravo and wishing both companies every success for the future.

If you'd like to find out how we can help ensure the success of your cross-border M&A deals, chat with us today: hello@blackandcallow.com

Back to News