Blue Coat Systems/Thoma Bravo LLC
On December 9, 2011, Blue Coat Systems, Inc. (Nasdaq: BCSI), entered into a definitive agreement to be acquired by an investor group led by San Francisco-based private equity investment firm Thoma Bravo, LLC, in a transaction valued at approximately $1.3 billion.
Under the terms of the agreement, Blue Coat shareholders will receive $25.81 in cash for each share of Blue Coat common stock they hold.
The Blue Coat Board of Directors has approved the agreement and resolved to recommend that the shareholders of Blue Coat adopt this agreement. Blue Coat will continue to operate with its focus on Web security and WAN optimization.
Closing is expected in Q112.
The investor group is led by Thoma Bravo and includes the Ontario Teachers' Pension Plan (Teachers') through its private investor department, Teachers' Private Capital.
Goldman, Sachs & Co. is serving as financial advisor to Blue Coat. Thoma Bravo, LLC has received financing commitments from Jefferies Finance LLC.
Under the terms of the agreement, Blue Coat shareholders will receive $25.81 in cash for each share of Blue Coat common stock they hold.
The Blue Coat Board of Directors has approved the agreement and resolved to recommend that the shareholders of Blue Coat adopt this agreement. Blue Coat will continue to operate with its focus on Web security and WAN optimization.
Closing is expected in Q112.
The investor group is led by Thoma Bravo and includes the Ontario Teachers' Pension Plan (Teachers') through its private investor department, Teachers' Private Capital.
Goldman, Sachs & Co. is serving as financial advisor to Blue Coat. Thoma Bravo, LLC has received financing commitments from Jefferies Finance LLC.
