TPG to shop for Forcepoint’s govt cybersecurity unit for $2.45B – WSJ (NASDAQ:TPG)
Maksim Labkouski
Choice asset supervisor TPG Inc. (NASDAQ:TPG) has agreed to procure a unit of instrument supplier Forcepoint from P-E company Francisco Companions for $2.45B, in a deal that may be introduced once Monday, The Wall Boulevard Magazine reported Sunday.
TPG reportedly is purchasing is Forcepoint’s govt cybersecurity industry, referred to as Forcepoint G2CI, which specializes in govt and significant infrastructure shoppers, basically U.S. govt and federal businesses.
Francisco Companions would retain a minority stake within the unit and proceed to possess and arrange Forcepoint’s business cybersecurity industry as a separate entity, consistent with the file.
TPG (TPG) has a observe document of backing cybersecurity instrument corporations, together with an funding in cybersecurity startup Zscaler, which went public in 2018.
