Date
22 April 2019
Thoma Bravo, in seeking to acquire McAfee, aims to rapidly consolidate the cyber security sector. Photo: Internet
Thoma Bravo, in seeking to acquire McAfee, aims to rapidly consolidate the cyber security sector. Photo: Internet

Intel, TPG in early talks to sell McAfee to Thoma Bravo: report

Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp., Reuters reports, citing a source familiar with the matter. 

Talks are at an early stage and there is no guarantee they will lead to a deal, the source said. The talks were reported earlier by CNBC. 

Intel, which paid US$7.7 billion for California-based McAfee in 2011, completed the sale of a 51 percent stake in the company to TPG at a US$4.2 billion enterprise value last year. 

Thoma Bravo has been seeking to rapidly consolidate the cyber security sector.

In October, it announced a US$2.1 billion acquisition of Imperva Inc. and last month announced the acquisition of another cyber security firm called Veracode from Broadcom Inc. for US$950 million. 

Last month, Reuters reported that Thoma Bravo had approached Symantec Corp. with a takeover offer. 

– Contact us at [email protected] 

RC/CG

EJI Weekly Newsletter

Please click here to unsubscribe