Thoma Bravo Completes Acquisition of Darktrace

London, United Kingdom-Thoma Bravo, a leading software investment firm, today announced the completion of the all-cash acquisition of Darktrace plc ("the Company"), a global leader in cybersecurity artificial intelligence, valuing the Company at approximately $5.3 billion. Each Darktrace shareholder will be entitled to receive $7.75 per share in cash. The Company's ordinary shares have ceased trading and Darktrace will delist from the FTSE100 Index on the London Stock Exchange.

"Thoma Bravo will be a hugely valuable partner as we pursue further scale and innovation for our next stage of growth," said Jill Popelka, CEO of Darktrace. "Darktrace's position at the cutting edge of cybersecurity AI coupled with Thoma Bravo's deep strategic and sector expertise will be a powerful combination. Protecting businesses and organisations with best-in-class AI-powered, proactive cybersecurity will remain at the absolute core of what we do. Together, we can take this even further, investing in our people to enhance our technical capabilities and delivering exceptional service and value for our customers."

"Darktrace holds a unique position at the forefront of cybersecurity technology," said Seth Boro, Managing Partner at Thoma Bravo. "Our ambition is to help the business scale to be a truly global player, expanding the team's innovative pipeline of development opportunities and capabilities for its customers. We are excited to work alongside Jill and the Darktrace team to build on their success, supporting their
ambitions to protect the world from the most advanced cyber threats."

Advisors
Kirkland & Ellis International LLP acted as legal adviser and Goldman Sachs acted as Financial Adviser to Thoma Bravo. Latham & Watkins (London) LLP acted as legal adviser, Jefferies acted as joint financial adviser and corporate broker and Qatalyst Partners acted as joint financial adviser to Darktrace.

About Darktrace
Darktrace is a global leader in AI for cybersecurity that keeps organizations ahead of the changing threat landscape every day. Founded in 2013, Darktrace provides the essential cybersecurity platform protecting organizations from unknown threats using its proprietary AI that learns from the unique patterns of life for each customer in real-time.The Darktrace ActiveAI Security Platform™ delivers a proactive approach to cyber resilience with pre-emptive visibility into security posture, real-time threat detection, and autonomous response - securing the business across cloud, email, identities, operational technology, endpoints, and network. Breakthrough innovations from our R&D teams in Cambridge, UK, and The Hague, Netherlands, have resulted in over 200 patent applications filed. Darktrace's platform and services are supported by over 2,400 employees around the world who protect nearly 10,000 customers across all major industries globally. To learn more, visit http://www.darktrace.com.

About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with approximately US$160 billion in assets under management as of June 30, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo's deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in more than 490 companies representing approximately US$265 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo's website at thomabravo.com.

Read the news on the Darktrace website here.

Read the news on the London Stock Exchange website here.