KKR agrees to buy Thoma-backed cybersecurity company Barracuda

KKR agrees to buy Thoma-backed cybersecurity company Barracuda

Bloomberg: KKR & Co. has agreed to to acquire cybersecurity company Barracuda Networks Inc. from Thoma Bravo.

The transaction values Barracuda at about $3.8 billion, including debt, according to people familiar with the matter, asking not to be identified because the terms are private.

“With the support of KKR, we will continue to invest in growth and foster a culture that gives our team the resources and inspiration to continue to create and deliver the next generation of leading cybersecurity solutions,” Barracuda Chief Executive Officer Hatem Naguib said in a statement announcing the deal, which confirmed a Bloomberg News report.