London, March 2 (TIWN) Thoma Bravo, a US-based private equity firm focused on the software and technology-enabled services sectors, has completed the acquisition of Sophos in a cash transaction that values the Britain-based cybersecurity solutions firm at approximately $3.9 billion.

The acquisition offer was announced on October 14, 2019.

Under the terms of the agreement, Sophos stockholders receive $7.40, per share. The price per share represents a 168 per cent premium to its IPO share price in June 2015, Sophos said on Monday.

Stockholders voted to approve the transaction on December 3, 2019.

With the completion of the acquisition, Sophos'' common stock has ceased trading on the London Stock Exchange.