The British cybersecurity darling is leaving the London Stock Exchange

British cybersecurity flag bearer Darktrace is set to leave London’s stock market after agreeing a £4.3bn sale to US private equity firm Thoma Bravo.

Shareholders will have to approve the takeover before it’s rubber-stamped. The chair of Darktrace, Gordon Hurst, said the deal represents “an attractive premium and an opportunity for shareholders.”

“The proposed acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo, with deep software sector expertise, who can enhance the company’s position as a best-in-class cyber AI business headquartered in the UK,” he added.

The deal would end a turbulent spell on the London’s Stock Exchange (LSE) for Darktrace.

Founded in 2013, the Cambridge-based company has pioneered the use of AI for threat detection and prevention. But the business has attracted severe criticism from investors.

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