 |
Hiltzik Media Strategies handles press for private equity firm Thoma Bravo as it inks a $1.6B deal to acquire Barracuda Networks, which provides security for cloud-based networks.
The $27.55 per-share price is a 22 percent premium over the 10-day average Barracuda stock price prior to the Nov. 27 announcement of the transaction.
Founded in 2003, Barracuda works with clients such as Microsoft and Boeing. It posted revenues of $188M and $4.2M net income for the six-month period ended Aug. 31.
Thoma Bravo, which has assets of $17B, has invested in tech companies including McAfee and Compuware.
BJ Jenkins, Barracuda CEO, said Thoma Bravo's investment "speaks to the value and strength of Barracuda's security platform."
Hiltzik's Matthew Gorton represents Thoma Bravo, which has offices in Chicago and San Francisco, in the deal that is expected to close at the end of February.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Have a comment? Send it to 
No comments have been submitted for this story yet.