TPG, the alternative-asset manager that oversees $70 billion, agreed to acquire a majority stake in Intel Corp.’s computer-security unit in a deal that values the business at $4.2 billion including debt.

Growing cybersecurity threats have boosted interest in M&A for companies that provide protection through software and monitoring. Accenture (NYSE:CAN) is adding Redcore; Thoma Bravo purchased Bomgar; Vista Equity Partners has acquired Regulatory DataCorp Inc.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.