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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
- “TPG To Acquire Forcepoint Global Governments and Critical Infrastructure Business from Francisco Partners”
- “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 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 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
- ““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.”
- ““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”
Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)confidence 80%recorded Sep 14, 2026