Thoma Bravo LLC has entered into an agreement to acquire Barracuda Networks Inc. for $1.6 billion.
Barracuda shareholders will receive $27.55 in cash for each share of Barracuda common stock they hold. Upon the close of the transaction, Barracuda will operate as a privately held company.
The proposed transaction is expected to close before Barracuda's fiscal year-end of Feb. 28, 2018, and is subject to approval by Barracuda's shareholders and regulatory authorities.
Morgan Stanley & Co. LLC is serving as financial adviser to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corp., is serving as its legal advisers. Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank are serving as financial advisers to Thoma Bravo, and Kirkland & Ellis LLP is serving as its legal counsel.
