Bain to Acquire Blue Coat from Thoma Bravo for $2.4B
March 11, 2015
Bain Capital has agreed to acquire Blue Coat Systems, a portfolio company of Thoma Bravo, for $2.4 billion. Founded in 1996, the company provides on-premise, hybrid and cloud-based solutions for protecting web connectivity, combating advanced threats and responding to security breaches. Thoma Bravo has backed Blue Coat since 2012, acquiring the company for approximately $1.3 billion via a public-to-private buyout. The current transaction is expected to close during the first half of this year; debt financing will be provided by Jefferies Finance.