Blue Coat sells to private equity firm for USD 1.3 bln

Friday 9 December 2011 | 13:29 CET | News
Web security and WLAN optimisation provider Blue Coat Systems has agreed to a buy-out by private equity firm Thoma Bravo for USD 1.3 billion. The investor group is led by Thoma Bravo and includes the Ontario Teachers' Pension Plan through its private investor department, Teachers' Private Capital. Blue Coat shareholders will receive USD 25.81 cash per share, a premium of 48 percent of the company's closing share price the day before the deal was announced. Blue Coat said its board has been looking at strategic options for six months, supported by independent advisers. The company will

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Blue Coat Systems
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Bain Capital to buy Blue Coat Systems for USD 2.4 bln

Published 10 Mar 2015 15:18 CET | World
Enterprise security specialist Blue Coat Systems is being acquired by the private equity group Bain Capital. It will pay USD 2.4 ...

Dell to buy SonicWall

Published 13 Mar 2012 14:53 CET | World
Dell has agreed to buy SonicWall, a provider of firewall and unified threat management software. Dell said the deal will expand ...

Thoma Bravo to acquire Telestream

Published 23 Dec 2011 11:18 CET | United States
Private equity firm Thoma Bravo has signed an agreement to purchase Telestream, a US-based provider of software and hardware ...