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Finsbury is working Thoma Bravo investment firm’s $3.9B offer for Sophos Group, the UK-based cyber and network security software developer.
The San Francisco equity outfit’s $7.40 per-share offer represents a 37 percent premium over Sophos’ closing last week on the London Stock Exchange.
TB ranks among the most active private equity firms in the software space, making more than 200 deals with an aggregate over $50B in enterprise value.
Seth Boro, managing director, said TB is looking forward to partnering with Sophos’ management team and employees to further develop the company as a “best-in-class software franchise and nextgen security leader.”
He believes TBs “expertise, operational framework and experience” can accelerate Sophos’ evolution and growth.
Finsbury’s Edward Simpkins and Faeth Birch represent TB, while Tulchan Communications’ Matt Low, Harry Cameron, Sunni Chauhan and James Macey White handle Sophos.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
WPP reported Q3 revenues less pass-through costs tumbled 5.9 percent to $3.3B, a performance new CEO Cindy Rose called “unacceptable.”
