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Intel, TPG in early talks to sell McAfee to Thoma Bravo: source

McAfee security on your computer is displayed for sale at a computer store in San Marcos, California, USA, May 15, 2017. REUTERS/Mike Blake

(Reuters) – Private equity firm Thoma Bravo LLC is in early discussions to buy security software company McAfee of TPG Capital and Intel Corp, a source familiar with the matter said on Friday.

The talks are at an early stage and there is no guarantee that they will lead to a deal, the source said. The talks were earlier reported by CNBC.

Intel and TPG declined to comment, while Thoma Bravo not immediately respond to a request for comment.

Intel paid $7.7 billion for spain on the basis of McAfee in 2011 completed the sale of 51 percent of the shares in the company to TPG in a $4.2 billion enterprise-value of last year.

Thoma Bravo is looking to quickly consolidate the cyber security sector.

In October, it announced a $2.1 billion acquisition of Imperva Inc, and last month announced the acquisition of another cyber security company called Veracode of Broadcom Inc. for $950 million.

Last month, Reuters reported that Thoma Bravo had approached Symantec Corp with a takeover bid.

Reporting by Joshua Franklin in New York and Vibhuti Sharma in Bengaluru; editing by Grant McCool

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