Simpson Thacher is representing affiliates of KKR in connection with their agreement to acquire Barracuda Networks Inc. (“Barracuda”), a leading provider of cloud-first security solutions, from Thoma Bravo. Financial terms were not disclosed.
Founded in 2003, Barracuda offers a broad suite of cybersecurity solutions across email protection, application security, network security and data protection that can be deployed and managed in both cloud and hybrid environments. Barracuda focuses on serving small and medium sized enterprises and has more than 200,000 customers worldwide across a variety of industries, including education, government, financial services, health care, retail, consumer goods and manufacturing.
The Simpson Thacher team includes Marni Lerner, Ravi Purushotham, Erica Egenes, David Goodman and Kevin Perron (M&A); Kyle Nelson (Credit); Marcy Geller and William Smolinski (Tax); David Rubinsky, Caitlin Lucey and Guanxiong Xu (Executive Compensation & Employee Benefits); Lori Lesser, Melanie Jolson and Suyoung Jang (Intellectual Property); Krista McManus (Real Estate); and Peter Guryan, Étienne Renaudeau, Kelly Karapetyan, James Goldfeier, Jamie Logie and Max Fischer-Zernin (Antitrust).