Exclusive-Buyout firms vie for cybersecurity firm Trend Micro, sources say


FILE PHOTO: A Trend Micro booth is seen at CYBERSEC 2022 in Taipei, Taiwan, September 20, 2022. REUTERS/Ann Wang/File Photo

NEW YORK (Reuters) - Bain Capital, Advent International and EQT AB are among the private equity firms competing to acquire Japanese cybersecurity firm Trend Micro, which has a market value of 1.32 trillion yen ($8.54 billion), according to people familiar with the matter.

The buyout firms have expressed interest in taking Trend Micro private in recent weeks, the sources said, requesting anonymity as the deliberations are confidential. KKR is also an interested party, two of the sources said, adding that a deal is not guaranteed and Trend Micro could choose to remain independent.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Strategy and bitcoin-buying firms face wider exclusion from stock indexes
Paris court rejects French government request to suspend Shein's website for 3 months
YouTube largely back up after being down for thousands of users, Downdetector shows
Temu-owner PDD Holdings appoints co-CEO Zhao as co-chairman of board
Google Cloud lands deal with Palo Alto Networks 'approaching $10 billion,' per source
Russian defense firms targeted by hackers using AI, other tactics
People watched 700 million hours of YouTube podcasts on TV in October
Riot has a secret plan to remake its ‘League Of Legends’ game
Tesla drivers are buying escape tools and�cars�to avoid getting trapped inside
CelcomDigi upgrades One plan with 500Mbps home fibre Internet, starting at RM240 a month

Others Also Read