The Daily Buyout

Friday, October 16, 2026

The Daily Buyout

34 deals · $9B announced

Cybersecurity leads the tape today: Thoma Bravo-owned Proofpoint is paying $6.3 billion in cash for Varonis, ending months of speculation. Behind it, a hotel investor is publicly pressing a REIT on a $2 billion offer, Medtronic finishes its MiniMed split, and a busy slate of mid-market and private equity deals fills out the day.

Top deal of the day

Proofpoint agrees to buy Varonis for $6.3B in cash

$6.3BTake-privateTechnology

Thoma Bravo-owned Proofpoint agreed to acquire data security company Varonis Systems for about $6.3 billion in cash, or $49.75 a share. That works out to a 52% premium to Varonis' price before reports of takeover interest surfaced in June. It is the largest of Proofpoint's acquisitions since Thoma Bravo took it private for $12.3 billion in 2021.

Why it matters: The deal folds Varonis' data mapping and access controls into Proofpoint's email and data loss prevention platform as AI agents raise the stakes on who can reach sensitive corporate data.

Read at SiliconANGLEFree

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3
UndisclosedDivestiture / carve-outHealthcare & Life SciencesCompleted

MiniMed completes separation from Medtronic

Diabetes device maker MiniMed is now fully independent after Medtronic accepted 55,032,401 of its own shares in exchange for 252,813,348 MiniMed shares in a split-off exchange offer that was 5.4x subscribed. Medtronic no longer holds any equity stake in MiniMed, which trades on Nasdaq as MMED.

Read at PR NewswireFree
4
UndisclosedPrivate equity buyoutMedia & Telecom

WaveDivision, Pritzker and Stephens team up to buy EarthLink

WaveDivision Capital, The Pritzker Organization and Stephens Capital Partners are partnering with management to acquire EarthLink, the Atlanta-based internet provider. Trive Capital, which carved EarthLink out of its former public parent in 2019, will keep a minority investment. Financial terms were not disclosed.

Read at PR NewswireFree
5
$370MStrategic acquisitionTransportation & Logistics

International Seaways buys Bruton in $370M VLCC deal

Tanker operator International Seaways agreed to acquire Oslo-listed Bruton Limited in a series of transactions valuing Bruton at about $370 million. The deal adds Bruton's four VLCC vessels, including newbuildings, to Seaways' diversified crude and product tanker fleet.

Read at Business WireFree
6
2,500 employeesPrivate equity buyoutIndustrials & Manufacturing

26North buys data center equipment mover MEI from Olympus

26North Partners signed a definitive agreement to acquire MEI Industrial Solutions from Olympus Partners. MEI provides rigging, machinery moving, storage and logistics for data center and semiconductor customers. Under Olympus it grew from 16 to 30 locations, made seven acquisitions and now has nearly 2,500 employees. Terms were not disclosed.

Read at PR NewswireFree

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