Thoma Bravo has reached an agreement to sell Tripwire, a provider of advanced threat, security and compliance solutions, to Belden (NYSE: BDC) for $710 million in cash. The companies will work together to deliver cybersecurity solutions that can be deployed across enterprise, industrial and broadcast markets. Belden expects Tripwire, which will continue to operate as a standalone company, to generate adjusted 2015 revenue and EBITDA of roughly $165 million and $53 million, respectively.
Tripwire was acquired by Thoma Bravo in 2011 and completed the add-on of nCircle, a provider of information risk and security performance management solutions, in March 2013. The upcoming exit is expected to close in 1Q 2015. Chertoff Capital is serving as exclusive investment banking advisor to Tripwire.