Press release
TPG To Acquire Forcepoint Global Governments and Critical Infrastructure Business from Francisco Partners
Acquisition will establish Forcepoint G2CI as an independent entity backed by TPG with additional focus and resources to accelerate delivery of high
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[{"type":"text","content":"\n\nAcquisition will establish Forcepoint G2CI as an independent entity backed by TPG with additional focus and resources to accelerate delivery of high assurance security solutions\n\n\n\nForcepoint Commercial business will continue to focus investment on its Data-first SASE offering including new capabilities development and third-party integration innovations within the Forcepoint ONE platform\n\n\n\nFrancisco Partners will retain a minority interest in Forcepoint G2CI and remain the controlling shareholder in the Forcepoint Commercial business\n\n\n\n SAN FRANCISCO & FORT WORTH, Texas & AUSTIN, Texas--(BUSINESS WIRE)--\nGlobal security leader Forcepoint today announced it has signed a definitive agreement to sell the Company’s Global Governments and Critical Infrastructure (G2CI) business to TPG, a global alternative asset management firm. The transaction will separate Forcepoint’s Commercial and G2CI businesses and will establish G2CI as an independent entity.\n\n\nThe transaction will enable Forcepoint G2CI to operate with greater flexibility and focus, positioning the new company to grow its platform as a comprehensive, next-generation cybersecurity provider for defense, intelligence, and critical national infrastructure organizations across the globe. TPG will invest in Forcepoint G2CI through TPG Capital, the firm’s U.S. and European late-stage private equity platform.\n\n\nFrancisco Partners, a leading global investment firm that specializes in partnering with technology businesses, acquired Forcepoint in January 2021 from Raytheon Technologies. The Forcepoint Commercial business, focused on simplifying security through a Data-first SASE approach to cloud-delivered security and connectivity, will continue to be owned by Francisco Partners and its existing co-investors.\n\n\n“It’s our mission to support the national security and intelligence communities by providing trusted, data-driven security solutions that enable them to collaborate and conduct mission-critical work securely and effectively,” said Sean Berg, President, Global Governments and Critical Infrastructure at Forcepoint. “TPG has a long history of carving-out, building, and scaling world-class cybersecurity companies. We’re confident that this partnership, along with continued support from Francisco Partners, will provide us the resources and expertise to s...