TPG Agrees To Acquire Forcepoint's Business Unit, Terms Undisclosed
Portfolio Pulse from Lekha Gupta
TPG Inc plans to acquire the government cybersecurity business unit of Forcepoint for $2.45 billion. The unit, Forcepoint Global Governments and Critical Infrastructure (Forcepoint G2CI), is being bought from Francisco Partners. Post-acquisition, Francisco will maintain a minority interest in the unit and continue to operate Forcepoint’s commercial cybersecurity business as a separate entity. TPG shares are trading lower by 0.03% at $29.30 premarket.
July 10, 2023 | 10:47 am
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TPG Inc is acquiring Forcepoint's government cybersecurity business unit for $2.45 billion. The company's shares are trading lower by 0.03% at $29.30 premarket.
The acquisition of Forcepoint's business unit by TPG Inc could potentially increase the company's market share in the cybersecurity sector. However, the news of the acquisition has led to a slight decrease in the company's premarket share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
AmerisourceBergen Corporation was mentioned in the context of a previous acquisition by TPG Inc.
AmerisourceBergen Corporation was mentioned as a part of a previous acquisition by TPG Inc. This does not directly impact the company's current financial situation or stock price.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20