Forcepoint, a global security leader, has agreed to sell its Global Governments and Critical Infrastructure (G2CI) business to TPG, an alternative asset management firm. Financial terms were not disclosed.
TPG will invest in Forcepoint G2CI through TPG Capital, its U.S. and European late-stage private equity platform.
The transaction will separate Forcepoint’s commercial and G2CI businesses and will establish G2CI as an independent entity, enabling the new company to grow its platform as a cybersecurity provider for defense, intelligence and critical national infrastructure organizations across the globe.
Francisco Partners, a global investment firm that specializes in partnering with technology businesses, acquired Forcepoint in 2021 from Raytheon Technologies. The Forcepoint commercial business, which focused on simplifying security through a data-first SASE approach to cloud-delivered security and connectivity, will continue to be owned by Francisco Partner