Mnuchin’s Private-Equity Startup to Buy Zimperium for $525M

Liberty Strategic Capital will spend about $525 million to buy Zimperium, a mobile device threat defense platform, said the buyer Tuesday. Liberty is the cybersecurity-focused private equity startup run by former Treasury Secretary Steven Mnuchin, who will become Zimperium’s chairman when the transaction closes in Q2. SoftBank, a Zimperium investor since 2017, will continue as a minority investor. Zimperium will be Liberty's fourth cybersecurity buy, it said.