Advent International announces a $14 billion (12.1 billion euros) acquisition of McAfee. In doing so, the private equity firm takes the security company off the stock market.
There have been rumours about Advent International’s interest in McAfee since last week. On Friday, November 5, the Wall Street Journal published an article about the possible takeover. People involved in the discussion were quoted. Today comes actual confirmation. Advent International is buying McAfee for a price of 14 billion dollars (12.1 billion euros).
The market was already convinced: after the first announcement on November 5, share prices shot up. McAfee’s value grew by 20 percent.
One of the priciest
Digitization played a leading role in the initial success of the security software developer founded in 1987. Intel bought McAfee in 2010 and sold it to TPG Capital six years later. In 2017, the company fell into the hands of private equity firm Thoma Bravo.
In 2020, McAfee went public. Earlier this year, its business portfolio was sold to Symphony Technology Group. The most recent acquisition by Advent International, one of the priciest of the year, takes McAfee off the stock market.
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