Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal

Thoma Bravo, via Luke Bidco Ltd., plans to take Darktrace private in an all-cash deal valuing the UK-based cybersecurity firm at about $5 billion (£4.25 billion fully diluted), offering £6.20 per share—a premium over recent trading—with an enterprise value around $4.9 billion. Darktrace, known for AI-driven threat detection and customers like Allianz, Airbus, and the City of Las Vegas, had previously rejected lower offers; the deal is subject to shareholder approval and is expected to close by the end of 2024.