TPG to buy Forcepoint unit from Francisco Partners for $2.45 billion, Wall Street Journal reports

TPG is acquiring Forcepoint's government cybersecurity business, known as Forcepoint Global Governments and Critical Infrastructure, according to the report. The unit focuses on critical infrastructure for U.S. government and federal agencies.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.

TPG and Francisco Partners declined to comment while Forcepoint did not immediately respond to a request for comment. Austin, Texas-based Forcepoint develops and creates computer security software, data protection, and firewall solutions. Its business that caters to the U.S. government currently generates about $400 million of annual revenue.sale of its governments security unit for more than $2 billion as part of its strategy to focus on growing its commercial business, sources told Reuters in April.

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WSJ News Exclusive | TPG to Buy Forcepoint Unit From Francisco Partners for $2.45 BillionBuyout shop TPG is acquiring a business unit of software provider Forcepoint for $2.45 billion, a price tag that is more than double what technology-focused private-equity firm Francisco Partners paid for Forcepoint in 2021
Source: WSJ - 🏆 98. / 63 Read more »

TPG to acquire unit of cybersecurity company Forcepoint for $2.45 billion: reportPrivate-equity firm TPG will acquire the government-cybersecurity unit of software company Forcepoint for about $2.45 billion, the Wall Street Journal...
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