The offer represents a premium of 20% over Darktrace’s closing share price of 517 pence, which is the last trading day prior to the announcement.
Thoma Bravo, a software investment firm, announced it has reached an agreement with the Board of Directors at Darktrace, a global cybersecurity artificial intelligence company, on the terms of an all-cash acquisition.
Andrew Almeida, A Partner at Thoma Bravo, said, “Darktrace is at the very cutting edge of cybersecurity technology, and we have long been admirers of its platform and capability in artificial intelligence. The pace of innovation in cybersecurity is accelerating in response to cyber threats that are simultaneously complex, global and sophisticated. Darktrace is driven by a culture of innovation and we are excited by the opportunity to work alongside Darktrace’s team and accelerate its development into a scaled, global leader, further strengthening its capability and offer to customers. Thoma Bravo has been investing exclusively in software for over twenty years and we will bring to bear the full range of our platform, operational expertise and deep experience of cybersecurity in supporting Darktrace’s growth.”
The offer represents a premium of 20% over Darktrace’s closing share price of 517 pence, which is the last trading day prior to the announcement. The Acquisition implies an enterprise value of approximately $4,992 million, a multiple of approximately 34 times Darktrace’s Adjusted EBITDA for the twelve months ended 31 December 2023 of $146 million.
