The passing of Mike Lynch, the U.K. tech entrepreneur who perished last weekend when his luxury yacht abruptly sank in the Mediterranean, is unlikely to impact the sale of cybersecurity firm Darktrace, of which he and his wife own a significant share.
Thoma Bravo, a software-focused private equity firm, had agreed to buy Darktrace in April for $5.3 billion, and Darktrace shareholders voted to approve the sale in June. The deal still needs regulatory approval, but Thoma Bravo is expected to complete the acquisition by the end of 2024, a person familiar with the transaction said.
