TPG carves out Forcepoi nt’s government biz fro m FP; Clearlake closes sale of Archer to Cinven

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TPG carves out Forcepoint’s government biz from FP; Clearlake closes sale of Archer to Cinven

Good morning, Hubsters. MK Flynn here on a busy Monday morning.

Dealmakers are making up for last week’s holiday lull by announcing a slew of transactions today.

TPG just unveiled a cybersecurity deal.

Cinven closed its acquisition of risk management software developer Archer, scoring an exit for Clearlake.

And RedBird is buying a luxury car rental business.

We’ve also got a Deep Dive about Ardian’s foray into Mexico’s telecom market.

Let’s start with the news.

Cybersecurity carveout

TPG Capital is buying the Global Governments and Critical Infrastructure (G2CI) business of Austin-based cybersecurity specialist Forcepoint from Francisco Partners, whichwill retain a minority interest. The deal is expected to close in the fourth quarter.

Subscribers to the premium version of the Wire can read all about the deal.

Software-as-a-Service platform

Clearlake Capital Group and Symphony Technology Group have completed the sale of risk management software developer Archer Technologies to London PE firm Cinven.

Premium fleet

RedBird Capital Partners has agreed to make a significant investment in Go Rentals, a luxury rental car provider in Newport Beach, California.

Upgrade to the premium version of the Wire to read more.

Demand for connectivity

Earlier in July, Paris-based Ardian announced a 50 percent stake in MXT Holdings. Ardian is teaming up with MXT existing shareholder Mexico Infrastructure Partners, which will retain the other 50 percent. The deal is expected to close in the second half of the year.

PE Hub subscribers can read Obey Martin Manayiti’s interview with Ardian senior managing director Michael Obhof.

That’s all for today. Fingers crossed the deal announcements keep on coming! I’ll be back tomorrow to report on them.

Happy dealmaking until then,

MK

Read the full wire commentary on PE Hub ...

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