Finimize - 🔑 Cybersecurity firms cash in

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Today's big stories

Private equity firm Thoma Bravo is buying cybersecurity firm SailPoint
We’ve handpicked a selection of companies that stand to benefit from a major new energy plan – Read Now
The British economy grew much less than expected in February

Grand Gestures

What’s Going On Here?

Private equity (PE) company Thoma Bravo announced on Monday that it’s agreed to buy SailPoint, after realizing it was crazy to have ever parted ways with the cybersecurity firm.

What Does This Mean?

Thoma Bravo first bought into SailPoint – which provides secure remote working software and cloud computing protection – back in 2014, before sprucing it up, listing it on the US stock market three years later, and pocketing a profit. But with remote working now part of the furniture and the war in Ukraine driving a spate of cyberattacks, Thoma Bravo has decided it wants SailPoint back for good: the PE giant announced on Monday that it had agreed to buy the company in a deal worth $6.9 billion – over 30% more than SailPoint was worth before the deal was announced (tweet this).

Why Should I Care?

The bigger picture: PE firms go hard on software.
This marks Thoma Bravo’s sixth security-focused investment, and follows its $12.3 billion purchase of cybersecurity firm Proofpoint last year. But this deal also reflects the wider trend of PE firms buying into software companies: Brookfield, for instance, agreed to buy car dealership software provider CDK Global for $6.4 billion last week, while Elliott Management and Vista Equity Partners bought software giant Citrix for $17 billion earlier this year. They’re going cheap, after all: an index tracking some of the biggest business software companies has fallen more than twice as much as the wider US stock market this year.

Zooming out: SoftBank finds a diamond in the rough.
SoftBank’s been busy too: its Vision fund led a $185 million investment round in Pax8 on Monday – a move that values the cloud startup at $1.7 billion. SoftBank said it’s confident that the company – which helps small businesses manage cloud services – has the potential for long-term growth in a seriously competitive industry.

You might also like: Here’s how dealmaking affects your own portfolio.

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Analyst Take

The Stocks Set To Surge With The UK’s New Energy Plan

Reda, Analyst

What’s Going On Here?

Last week, the UK government unveiled a plan to shore up the country’s energy independence in the wake of the Russia-Ukraine conflict.

Among other things, the plan calls for new nuclear and offshore wind buildouts, as well as more ambitious targets for “green” hydrogen.

And that could spell a big windfall for the companies at the forefront of those areas.

Rolls-Royce, for instance, is the frontrunner in developing small modular reactors, which are a lot cheaper and quicker to produce than large-scale reactors.

Just last year, it raised £400 million to put its SMR design through the UK’s rigorous nuclear regulatory process. If approved, it could help give its stock price a much-needed lift.

So that’s today’s Insight: the three areas that the UK government is focused on, and the stocks that could benefit.

Read or listen to the Insight here

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Find Out More

The information provided in this article does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of this article’s content as such. You should carefully consider whether trading or holding Cryptocurrencies is suitable for you relative to your financial position. The price of cryptocurrency can go down as well as up and past performance is not a guide to future performance. Investors may not get back the full amount originally invested.

The information in this article is believed to be reliable. Dacxi has taken reasonable care to ensure the information stated is accurate. However, Dacxi makes no representation, guarantee or warranty that it is wholly accurate and complete. Do conduct your own due diligence and consult your financial adviser before making any investment decision.