Slaughter and May is advising Sophos on a recommended cash offer for Sophos by Thoma Bravo

14 Oct 2019

Slaughter and May is advising Sophos Group PLC on a recommended cash offer for Sophos’ entire issued and to be issued share capital by Surf Buyer Limited, a company formed on behalf of funds managed and/or advised by Thoma Bravo LLC. The offer was announced on 14 October 2019.

Under the offer, each Sophos shareholder will be entitled to receive US$7.40 in cash for each Sophos share, representing an enterprise value of approximately US$3.9 billion. The transaction is to be effected by court-sanctioned scheme of arrangement and is expected to complete in Q1 2020.

Sophos is a global leader in next-generation cybersecurity, protecting over 400,000 organisations in more than 150 countries from today’s most advanced cyberthreats. Sophos listed on the London Stock Exchange in 2015.

Thoma Bravo is a leading private equity firm focused on the software and technology enabled services sector with more than $35 billion in investor commitments.

Contacts

Corporate: Steve Cooke (partner), Rob Innes (partner), Richard Hilton (associate), Alex Dustan (associate), Matt Calvert (associate), Mark Thornton (trainee), Jessica Ward (trainee); Competition: Will Turtle (partner), Jessica Staples (associate), Rosalind Kenward (associate); Employment/share schemes: Phil Linnard (partner), Natasha Nichols (associate); Tax: Gareth Miles (partner)


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