KKR Scooping Up Barracuda Networks from Thoma Bravo for Reported $4 Billion
Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal.
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KKR, a global investment firm, is acquiring Barracuda Networks from Thoma Bravo in a deal reportedly worth about $4 billion.
KKR didn’t disclose financial details of the acquisition. However, Reuters said sources who requested anonymity valued the deal at $4 billion including debt. The transaction should close by the end of the year, subject to customary conditions.
Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal.
Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. That includes education, government, financial services, health care, retail, consumer goods and manufacturing.
Barracuda will implement KKR’s employee ownership program, which makes all employees owners in their respective businesses alongside KKR.
Accelerating Growth with KKR’s Support
Barracuda Networks’ Hatem Naguib
Hatem Naguib is Barracuda