Barracuda Networks to Be Acquired by Thoma Bravo for $1.6 Billion

On November 27, 2017, Barracuda Networks, a leading provider of cloud-enabled security and data protection solutions, announced that it has entered into an agreement to be acquired by leading private equity investment firm Thoma Bravo in an all-cash transaction valued at approximately $1.6 billion. Wilson Sonsini Goodrich & Rosati is representing Barracuda Networks in the transaction.

According to a press release, the proposed transaction is expected to close before Barracuda's fiscal year end of February 28, 2018, and is subject to approval by Barracuda's shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. Following the closing of the transaction, Barracuda will operate as a privately held company and will continue to focus on email security and management, network and application security, and data protection solutions that can be deployed in cloud and hybrid environments.

The WSGR team advising Barracuda Networks in the transaction includes:

Corporate:
Jeffrey Saper, Partner
Allison Spinner, Partner
Jordan Coleman, Associate
Lester Ang, Associate
Jesse Couch, Paralegal

M&A:
Michael Ringler, Partner
Derek Liu, Associate

Intellectual Property:
Selywyn Goldberg, Partner
Barath Chari, Associate

Antitrust:
Jamillia Ferris, Partner
Christopher Williams, Associate

Employee Benefits and Compensation:
David Thomas, Partner
Brandon Gantus, Associate

Tax:
Myra Sutano-Shen, Partner
Andrew Bryant, Of Counsel

Regulatory and Compliance:
Josephine Aiello LeBeau, Partner
Melissa Mannino, Of Counsel

Corporate Finance:
John Mao, Partner
David Hu, Associate

Real Estate:
James McCann, Partner
Martin Sul, Counsel
Alison Weinberg-Fahey, Associate

Litigation:
David Berger, Partner

Employment and Trade Secrets Litigation:
Marina Tsatalis, Partner
Meg Thering, Associate

Privacy and Data Protection:
Matt Staples, Of Counsel
Claire Readhead, Associate

For more information, please see Barracuda Networks' press release.