A unit of Thoma Bravo will offer C$44.25 per subordinate voting share, Magnet said on Friday, representing a premium of 15.4% to the stock's last close.

Magnet Forensics, founded in 2010, makes software that is used by defense forces and businesses to investigate cybersecurity threats.

Thoma Bravo, with more than $120 billion in assets under management, intends to combine the company with its portfolio company Grayshift, a digital forensics firm.

Software-focused Thoma Bravo is a serial acquirer. The firm agreed to buy cybersecurity firm SailPoint, Ping Identity Holding, Sailpoint Technologies, ForgeRock and Coupa Software in 2022.

($1 = 1.3415 Canadian dollars)

(Reporting by Chavi Mehta and Eva Mathews in Bengaluru; Editing by Sriraj Kalluvila)