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Transactions / Forcepoint Global Governments

TPG To Acquire Forcepoint Global Governments and Critical Infrastructure Business from Francisco Partners

Exit to a strategic buyerannouncedannounced Jul 10, 2023Fact
What happened
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
construction_engineering / infrastructure
Target location
unknown
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
11 named
Buy side
  • TPGStrategic acquirerconfirmed
    TPG To Acquire Forcepoint Global Governments and Critical Infrastructure Business from Francisco Partners
  • Brian DeckerDeal partnerconfirmed
    We are excited to remain investors in the business and partner with the management team and TPG to help it continue to grow and succeed,” said Brian Decker, Partner at Francisco Partners.
Sell side
  • Francisco PartnersSellerconfirmed
    Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, acquired Forcepoint in January 2021 from Raytheon Technologies.
Advisory side
  • Piper Sandler Ltd.Buy-side adviserconfirmed
    Piper Sandler served as financial advisor to TPG, and Davis Polk & Wardwell LLP served as legal counsel.
  • CitiFinancial adviserconfirmed
    Citi and Barclays served as financial advisors to Forcepoint and Francisco Partners.
  • BarclaysFinancial adviserconfirmed
    Citi and Barclays served as financial advisors to Forcepoint and Francisco Partners.
  • Davis Polk & Wardwell LLPLegal adviserconfirmed
    Piper Sandler served as financial advisor to TPG, and Davis Polk & Wardwell LLP served as legal counsel.
  • Paul Hastings, LLPLegal adviserconfirmed
    Paul Hastings LLP served as legal advisor to Forcepoint and Francisco Partners.
Side not stated
  • Manny RiveloManagementconfirmed
    “We are proud to have built an industry-leading portfolio of security products that protect government and enterprise customers’ infrastructure, people, and data,” said Manny Rivelo, CEO of Forcepoint.
  • Tim MillikinManagementconfirmed
    “Today’s operating environment – one in which data volumes are compounding, attack surfaces are broadening, and threats are growing in sophistication – demands dynamic security solutions,” said Tim Millikin, Partner at TPG.
  • TPG To Acquire Forcepoint Global Governments and Critical Infrastructure Business from Francisco Partners
Evidence
TPG To Acquire Forcepoint Global Governments and Critical Infrastructure Business from Francisco Partners
TPG To Acquire Forcepoint Global Governments and Critical Infrastructure Business from Fra | Private Equity Intelligence | DFX