Buyout house TPG is buying a business unit of software provider Forcepoint for $2.45 billion from Francisco Partners, the Wall Street Journal reported on Sunday citing people familiar with the matter.
Francisco which bought Forcepoint from Raytheon Technologies in October 2020 will retain a minority stake in the unit, WSJ said, adding that it will continue to own and manage its commercial cybersecurity business as a separate entity.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: