TPG To Acquire Forcepoint Global Governments and Critical Infrastructure Business from Francisco Partners
July 2023 by Marc Jacob
Forcepoint announced it has signed a definitive agreement to sell the Company’s Global Governments and Critical Infrastructure (G2CI) business to TPG. The transaction will separate Forcepoint’s Commercial and G2CI businesses and will establish G2CI as an independent entity.
The 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 defence, intelligence, and critical national infrastructure organisations across the globe. TPG will invest in Forcepoint G2CI through TPG Capital, the firm’s U.S. and European late-stage private equity platform.
Francisco Partners 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.
Forcepoint G2CI brings more than 20 years of expertise supporting the unique and complex missions and objectives undertaken by the people who protect national security and mission critical information. It has been a Global Cross Domain Solutions market leader for more than two decades, with the Forcepoint Trusted Thin Client and High Speed Guard offerings among the widest deployed access solutions within the DoD, IC, and Civilian Federal Government.
The transaction is subject to regulatory review and customary closing conditions and is expected to close in the fourth quarter of 2023.