Thoma Bravo completed the acquisition of Sophos Group for $3.8bn.

Thoma Bravo, a private equity firm, completed the acquisition of Sophos Group, a cloud-enabled next-generation cybersecurity firm, for $3.8bn. The acquisition price represented a premium of approximately 37.1% to the closing price per Sophos share on 11 October 2019. “Today marks an exciting milestone in the ongoing journey of Sophos. Sophos is actively driving the transition in next-generation cybersecurity solutions, leveraging advanced capabilities in cloud, machine learning, APIs, automation, managed threat response, and more. We continue to execute a highly-effective and differentiated strategy, and we see this offer as a compelling validation of Sophos, its position in the industry and its progress,” Kris Hagerman, Sophos CEO.