Canada’s Absolute Software, cybersecurity company, said it had agreed to be taken private by Crosspoint Capital Partners for $657 million.
Shareholders of Absolute Software will receive $11.5 per share in cash, representing a premium of 34 percent to the U.S.-listed stock’s last close.
Shareholders are set to vote on the acquisition, valued at $870 million including debt, at a special meeting expected to be held in late June.
Crosspoint Capital, which has invested in McAfee and Forescout, focuses on cybersecurity, privacy and infrastructure software sectors.
Meanwhile, Thoma Bravo has agreed to acquire Magnet Forensics, ForgeRock over the past few months, taking advantage of a drop in valuations.
