Thoma Bravo Leads Buy of Blue Coat

An investor group led by private equity firm Thoma Bravo will buy Internet-monitoring gear maker Blue Coat Systems Inc. for about $1.3 billion in cash, Reuters wrote Friday. The deal values Blue Coat at $25.81 a share, roughly a 48% premium to Thursday’s close.

(Reuters) – Internet-monitoring gear maker Blue Coat Systems Inc (BCSI.O) agreed to be bought by an investor group led by private equity investment firm Thoma Bravo LLC for about $1.3 billion in cash.

The deal values Blue Coat at $25.81 a share, roughly a 48 percent premium to Thursday’s close, the companies said in a statement.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Supriya Kurane)