Thoma Bravo-backed Proofpoint Inc. has secured $1.25 billion in financing to support its acquisition of Varonis Systems Inc., according to sources familiar with the matter. The debt financing will be led by JPMorgan Chase & Co. and UBS Group AG, who will sell the debt in the high-yield bond market at a later date.
The deal is expected to close in the first half of 2027, marking a significant move in the cybersecurity sector. Proofpoint, a leader in cybersecurity solutions, is expanding its portfolio through this acquisition, which underscores the growing demand for advanced security technologies.
The financing arrangement highlights the strategic importance of the transaction, with major financial institutions playing key roles. The involvement of JPMorgan and UBS suggests strong market confidence in the deal's success.