Raytheon sells off Forcepoint cybersecurity solutions portfolio

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Global investment firm Francisco Partners has signed a definitive agreement to acquire Forcepoint, a cybersecurity solutions company, and a subsidiary of Raytheon.

Debt financing for the transaction was provided by Credit Suisse. Paul Hastings and Kirkland & Ellis acted as legal advisors to Francisco Partners. Barclays acted as exclusive financial advisor and Davis Polk & Wardwell acted as legal advisor to Raytheon.

The transaction is subject to customary regulatory review.

[Image courtesy: Forcepoint]