“This proposed offer represents the next stage in our growth journey, and I am excited by the many opportunities we have ahead of us,” CEO Poppy Gustafsson said in a statement.
This adds to a growing number of U.K.-listed companies that’ve been taken over by private equity groups. For instance, in October, Apollo Global Management, a U.S.-based private equity firm, bought the group behind restaurant chain Wagamama for £506 million, according to the Financial Times.
The Darktrace deal hasn’t been approved by shareholders yet, but if green-lit, the companies said the takeover would be tentatively completed by this year’s end.
Darktrace’s shares were up 17.6% as of 1 p.m. London time.
Source:Fortune
Can’t stop reading? Read more
Carlyle edges ahead in €6bn pursuit of BASF’s coatings division
Carlyle edges ahead in €6bn pursuit of BASF’s coatings division Carlyle Group has emerged as the...
CVC expands US footprint with $1.75bn acquisition of data-driven insurer Bamboo
CVC expands US footprint with $1.75bn acquisition of data-driven insurer Bamboo CVC Capital...
Bain Capital closes $14bn flagship buyout fund, topping $10bn target
Bain Capital closes $14bn flagship buyout fund, topping $10bn target Bain Capital has completed...