Market Chatter: Proofpoint Secures $1.25 Billion Financing for Varonis Acquisition

06:58 PM EDT, 10/16/2026 (MT Newswires) -- Proofpoint, backed by Thoma Bravo, has secured $1.25 billion in financing for its planned acquisition of Varonis Systems Inc., with JPMorgan Chase and UBS appointed to lead a future high-yield bond sale, Bloomberg reported Friday, citing people familiar with the matter. The acquisition is expected to close in the first half of 2027. Proofpoint agreed to pay $49.75 per share in cash for Varonis, valuing the company at about $6.3 billion, Bloomberg reported. Thoma Bravo is providing equity financing, while Ontario Teachers' Pension Plan has also agreed to invest in Proofpoint to support the deal, the report said. Proofpoint and Varonis did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)