Thoma Bravo (via Morpheus Purchaser Inc.) to Acquire Magnet Forensics
January 20, 2023
Thoma Bravo, through a newly formed purchaser Morpheus Purchaser Inc., has signed a definitive arrangement agreement to acquire Magnet Forensics Inc. in an all-cash transaction valuing the company at approximately CA$1.8 billion. The deal (CA$44.25 per SV share for most holders) will take Magnet private and Thoma Bravo intends to combine Magnet with Grayshift to create an end-to-end digital investigations platform; certain founders/major shareholders will rollover a portion of their equity.
- Buyers
- Thoma Bravo, Morpheus Purchaser Inc. (Purchaser)
- Targets
- Magnet Forensics Inc.
- Sellers
- Rolling Shareholders (including Jad Saliba, Adam Belsher, Jim Balsillie and affiliates)
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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