Private-equity firm TPG Inc.
TPG,
+2.84%
will acquire the government-cybersecurity unit of software company Forcepoint for about $2.45 billion, the Wall Street Journal reported late Sunday.
According to the Journal, that price tag is more than double what Francisco Partners paid to acquire all of Forcepoint back in 2021.
The deal for the business, known as Forcepoint Global Governments and Critical Infrastructure, or Forcepoint G2CI, is expected to be announced as soon as Monday, the Journal reported, and Francisco will retain a minority stake in the unit. Forcepoint’s commercial cybersecurity business will remain a separate entity, according to the report.
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