Proofpoint Taps JPMorgan, UBS for $1.25 Billion Debt Deal to Fund Varonis Acquisition, Bloomberg Reports

3-line summary

• Thoma Bravo-backed Proofpoint is raising $1.25 billion to help fund its acquisition of cybersecurity firm Varonis Systems, Bloomberg reported citing anonymous sources, as previously reported Proofpoint agreed to acquire Varonis for $49.75 per share in cash, valuing the company at about $6.3 billion.
• JPMorgan Chase and UBS are arranging the debt, which is expected to be sold later in the high-yield bond market; Thoma Bravo is providing equity funding, and Ontario Teachers' Pension Plan has also agreed to invest in Proofpoint. The article did not give a specific date for the bond sale, though the broader Varonis deal is expected to close in the first half of 2027.
• The report relies on anonymous sources and did not include an official company statement.

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