At what enterprise value was BARRACUDA NETWORKS acquired in 2022?

During the acquisition of BARRACUDA NETWORKS by KKR in 2022, the transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD.

What was the EV/EBITDA of BARRACUDA NETWORKS when it was acquired by KKR?

The estimated EV/EBITDA multiple for BARRACUDA NETWORKS is in the range of Above 20x.

When was BARRACUDA NETWORKS acquired by KKR?

BARRACUDA NETWORKS was acquired by KKR in 2022.

What was the revenue of BARRACUDA NETWORKS at the time of the deal?

The revenue of BARRACUDA NETWORKS at the time of the deal is estimated to be in the range of 450M - 900M USD.

What was the EBITDA of BARRACUDA NETWORKS during the acquisition?

BARRACUDA NETWORKS's EBITDA is estimated to be in the range of 100M - 200M USD.

How is the data for the BARRACUDA NETWORKS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BARRACUDA NETWORKS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://fr.barracuda.com/company/news/2022/857

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Home Database TMT (Tech, Media, Telecom)BARRACUDA NETWORKS

09/2022

BARRACUDA NETWORKS acquired by KKR

UNITED STATES IT Services / Consulting & Integration / Cybersecurity Services EV 3b - 100b USD

Context

The transaction involved the acquisition of Barracuda Networks from its previous financial sponsor. The strategic rationale for the acquisition was driven by the sponsor's continued focus on the cybersecurity sector, recognizing Barracuda’s established position as a leader in protecting SME digital infrastructure. By transitioning ownership to a new private equity partner, the company sought to leverage enhanced operational resources and global reach to accelerate its next phase of growth. The partnership aims to further professionalize the target's product development and go-to-market strategies, particularly in advanced security domains such as managed detection and response and SASE.

It is worth noting that the fund Thoma Bravo took control of Barracuda Networks through an LBO in 2017.

BARRACUDA NETWORKS, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Barracuda Networks provides a comprehensive suite of cloud-enabled security and data protection solutions designed to safeguard corporate networks, applications, and data regardless of deployment environment. The company’s business model centers on a subscription-based, customer-centric approach that simplifies IT infrastructure for organizations. Its product portfolio offers high-value security solutions that are deployable across appliance, virtual, cloud, and hybrid configurations. The firm’s value proposition lies in its ability to deliver powerful, easy-to-use security that protects critical digital assets from increasingly complex threat environments.

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Other operations with BARRACUDA NETWORKS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2017	THOMA BRAVO	BARRACUDA NETWORKS	UNITED STATES	Cybersecurity Services

REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 450M - 900M USD

EBITDA range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BARRACUDA NETWORKS by KKR are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: barracuda networks

Acquirer: kkr