McAfee's more-than-$14 billion take-private turned a focused consumer cybersecurity subscription business into a private-equity bet on retention, brand trust, and expanding digital-safety services.
The $16.5 billion Citrix take-private combined a durable virtual-workspace franchise with TIBCO, creating Cloud Software Group and a private-equity platform for mature enterprise software.
Thoma Bravo's $8 billion Coupa take-private turned the 2022 SaaS valuation reset into a long-term bet on enterprise spend data, recurring revenue, and AI-driven procurement automation.
Thoma Bravo's $12.3 billion Proofpoint take-private used recurring cybersecurity revenue as the base for a longer platform-building strategy spanning data security, MSP distribution, and AI governance.