The private-equity firm Vista Equity Partners is near a deal to purchase the cybersecurity provider KnowBe4 for about $4.5 billion, according to people familiar with the matter, a rare leveraged buyout as financing for such deals has become harder to secure.
The deal, which is expected to be unveiled Wednesday assuming the talks don’t drag out or fall apart, values KnowBe4 shares at nearly $25 each. The stock closed at $21.59 on Tuesday.
