TPG to buy Forcepoint unit from Francisco Partners for $2.45 billion - WSJ

FILE PHOTO: A screen announces the listing of private-equity firm TPG, during the IPO at the Nasdaq Market site in Times Square in New York City, U.S., January 13, 2022. REUTERS/Brendan McDermid/File Photo

(Reuters) - Buyout house TPG is buying a business unit of software provider Forcepoint for $2.45 billion from Francisco Partners, the Wall Street Journal reported on Sunday citing people familiar with the matter.

TPG is acquiring Forcepoint's government cybersecurity business, known as Forcepoint Global Governments and Critical Infrastructure, according to the report. The unit focuses on critical infrastructure for U.S. government and federal agencies.