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Puerto Rico buys a company for $ 12.3 billion in cash

Puerto Rico buys a company for $ 12.3 billion in cash

Orlando Bravo, Puerto Rican billionaire.

With his signature, the Puerto Rican invested in the acquisition of a California-based cybersecurity firm

By metro Puerto Rico

Wed Apr 28, 2021 at 2:22 pm

Orlando Bravo, Puerto Rican billionaire.

Orlando Bravo, born in Mayaguez, recently made a new – and substantial – investment through his company, Thoma Bravo.

The private equity firm bought a California-based cybersecurity company called Proofpoint. The acquisition took place in a $ 12.3 billion cash deal.

Over the course of 20 years, Thoma Bravo bought over 250 software companies that they later sell.

“Upon completion of the transaction, Proofpoint will become a private company with the flexibility and resources to continue to provide the most effective cybersecurity and compliance solutions to protect individuals and organizations worldwide. Additionally, Proofpoint will benefit from the operational capabilities, capital support and deep industry experience of Thoma Bravo, one of the The World’s Most Experienced and Successful Software Investors Written communication The company.

Proofpoint shareholders will receive $ 176 in cash for every share held by the company

Bravo is on the list of the Richest People in the United States for 2019, which the magazine publishes year after year Forbes.

Born and raised in Mayaways, this Puerto Rican completed his undergraduate studies at Brown and Stanford. A lawyer and holder of a master’s degree in business administration.

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