Thoma Bravo’s Proofpoint inks $6.3bn take-private of data security firm Varonis
Friday, October 16, 2026 · first reported by PE Hub and 3 others
Proofpoint, the cybersecurity company owned by Thoma Bravo, has agreed to buy data security firm Varonis Systems for about $6.3bn in cash. Varonis shareholders will get $49.75 per share, a 52% premium to the 22 June close, before sale speculation emerged. That values Varonis' equity at $5.71bn. Closing is expected in the first half of 2027.
Goldman Sachs advises Varonis. Proofpoint's advisers include BofA Securities, Morgan Stanley, JPMorgan, UBS and Mizuho Securities. Private Equity Wire attributes the deal details to Reuters.
- Firm
- Thoma Bravo
- Also named
- Proofpoint, Varonis
- Deal value
- $6.3B
- Asset class
- Private equity
- Geography
- North America
Advisers Paul Hastings (legal counsel), Kirkland & Ellis (legal counsel), Goldman Sachs (financial adviser), BofA Securities (financial adviser), Morgan Stanley (financial adviser), J.P. Morgan (financial adviser)
In the directory
- Kirkland & Ellis · Counsel to the buyer · fund lawyers at the firm
- Paul Hastings · Counsel to the target · fund lawyers at the firm
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
4 sources- PE HubThoma Bravo’s Proofpoint inks $6.3bn take-private of data security firm Varonis
- Private Equity WireThoma Bravo-backed Proofpoint to acquire Varonis in $6.3bn deal
- HedgeCoThoma Bravo’s Proofpoint Agreed to Buy Varonis for About $6.3 Billion and Lined Up $1.25 Billion of Debt
- Law360Paul Hastings, Kirkland Guide Proofpoint's $6.3B Varonis Buy
- Rexford Sells $1.3B in SoCal Industrial Assets as Leasing ReboundsCommercial Observer
- Latham Steers 42% Valencia CF Stake Sale To KKR FoundersLaw360
- Deutsche Boerse’s $6 Billion Allfunds Deal Faces EU Decision by Nov. 27pymnts.com
- CVC explores Verisure take-private one year after €13.7bn IPOPrivate Equity Wire +1
- Permira exits Octus in $3.5bn LSEG acquisitionPrivate Equity Wire
- EQT agrees €9.6bn takeover of QiagenPrivate Equity Wire +5