Deals
Thoma Bravo Nears C$1.8 Billion Deal for Magnet Forensics
- The deal marks Thoma Bravo’s first Canadian take-private
- Former Blackberry executive Jim Basillie backs Magnet
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Thoma Bravo agreed to acquire Canada’s Magnet Forensics Inc. for about C$1.8 billion ($1.3 billion), adding another cybersecurity asset to the private equity firm’s portfolio.
Magnet Forensics, which makes digital investigation software, will merge with Grayshift LLC, a company that Thoma Bravo acquired last year, according to a statement Friday, confirming a Bloomberg News report.