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TPG to Buy Forcepoint's Government Security Unit for $2.45B
July 10, 2023, 3:18 p.m. |
BankInfoSecurity.com RSS Syndication www.bankinfosecurity.com
Francisco Partners plans to split Forcepoint's government and commercial security practices, selling the former to TPG for $2.45 billion. The deal represents an impressive return on investment for Francisco Partners, which bought all of Forcepoint from Raytheon in January 2021 for just $1.1 billion.
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