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New Deal


Announced

NortonLifeLock to acquire Avira from Investcorp for $360m.

Financials

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Transaction Value£267m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales4.5x
EV/EBITDA33.47x
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Cross Border

Private

Digital Services

Germany

cybersecurity

Private Equity

Disposal

Friendly

Acquisition

Majority

Synopsis

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NortonLifeLock, an American software company, agreed to acquire Avira, a Germany-headquartered, global cybersecurity software solutions firm, from Investcorp, a global investment manager, for $360m. "I am delighted to welcome Avira to the Norton family. We strive to bring Cyber Safety to everyone, and acquiring Avira adds a growing business to our portfolio, accelerates our international growth and expands our go-to-market model with a leading freemium solution. Culturally, we are a great match. We share a relentless focus on delivering innovative products to customers and we always think customer-first. We cannot wait to get started with Avira," Vincent Pilette, NortonLifeLock CEO.

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