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TPG To Buy Forcepoint Unit From Francisco Partners For $2.45 Billion

Published by: dailynews
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Buyout shop TPG is acquiring a business unit of software provider Forcepoint for $2.45 billion, a price tag that is more than double what technology-focused private-equity firm Francisco Partners paid for Forcepoint in 2021, people familiar with the matter said.

The firms are expected to announce the deal as soon as Monday, the people added.

The unit TPG is buying is Forcepoint’s government cybersecurity business, known as Forcepoint Global Governments and Critical Infrastructure or Forcepoint G2CI. It focuses on government and critical infrastructure customers, primarily U.S. government and federal agencies as well as commercial customers that sell directly to the government.

Francisco will retain a minority stake in the unit and continue to own and manage Forcepoint’s commercial cybersecurity business as a separate entity, the people said.

Read the full story on The Wall Street Journal here.