Thoma Bravo’s US$3.9 Billion Recommended Cash Offer For Sophos Group plc

Ashurst is advising Goldman Sachs International in relation to the US$3.8 billion recommended cash offer for Sophos Group plc by Surf Buyer Limited,a newly formed company owned by funds managed and/or advised by Thoma Bravo, LLC.

Sophos is a global leader in next-generation cybersecurity solutions spanning endpoint, next-generation firewall, cloud security, server security, managed threat response, and more. Sophos solutions are designed to be highly innovative and effective, and at the same time simple and intuitive for organizations of all sizes. Sophos Central, a cloud-native management platform, integrates Sophos’ entire portfolio of next-generation products into a single “synchronized security” system accessible through APIs available to reseller and MSP partners, customers, and other vendors.

Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. Thoma Bravo currently manages a series of private equity funds representing more than $35 billion of capital commitments.

GSI is acting as financial adviser to Bidco in relation to the offer.

The Ashurst team was led by partners Tom Mercer (Picture) and Tim Rennie, assisted by associates Byron Nicol, Jake Hadfield and Krishna Parikh.

Involved fees earner: Jake Hadfield – Ashurst; Tom Mercer – Ashurst; Byron Nicol – Ashurst; Krishna Parikh – Ashurst; Tim Rennie – Ashurst;

Law Firms: Ashurst;

Clients: Goldman Sachs International;