Private Equity Firms Seek Trend Micro's $8.5B Purchase

Several private equity firms, including Bain Capital, Advent International, EQT AB, and KKR, are competing to acquire Japanese cybersecurity company Trend Micro, valued at approximately $8.54 billion. The potential acquisition could rank among the largest leveraged buyouts in recent months, reflecting a resurgence in private equity interest within the cybersecurity sector. Trend Micro has been exploring a sale since receiving acquisition interest in 2024 but may ultimately choose to remain independent. The company, founded in 1988, has evolved from antivirus software into a leader in cloud, network, and endpoint security, with significant partnerships with major tech firms. Despite the rising interest and a recent surge in shares, no deal has been confirmed, and Trend Micro has not publicly commented on the buyout proposals. This activity follows a broader trend of increased mergers and acquisitions in the cybersecurity sector as businesses enhance their security investments.