A group of investors will buy McAfee for 14,000 million dollars

A group of international investors will buy McAfee for $ 14 billion, acquiring all the outstanding shares of the company after paying a premium of 22.6% over the listed price on November 4. The group will pay $ 26 in cash for each common share of the cybersecurity firm.

It was previewed by Bloomberg last week and it has finally been confirmed. A group of international investors led by Advent International Corporation, along with others such as Permira ”), Crosspoint Capital, CPP, GIC and a subsidiary of the Abu Dhabi Investment Authority (ADIA), will set a new course for McAfee after paying 14,000 million of dollars. Upon completion of the transaction, the Investor Group will fully assume ownership of McAfee as private company.

«This transaction is a testament to McAfee’s leadership in online protection solutions and our talented employees, outstanding customers and partners.“Said the president and CEO of McAfee in the announcement. Peter Leav. «We want to thank our employees for their continued hard work and commitment. We are delighted to partner with world-class companies that truly understand the cybersecurity landscape and have a proven track record of success.«, He stressed.

The operation comes at a time of increased cyber attacks and greater demand for security solutions to cover the new remote work infrastructures driven by the COVID pandemic.

Another new chapter for McAfee… Will it be the last?

McAfee is a mythical name in cybersecurity companies, but full of ups and downs and controversies that have arisen especially around its founder, the late John McAfee, who took his life last June in a Barcelona jail when the Spanish authorities approved his extradition to the United States. United for securities fraud, and after his name was linked in previous years to illegal activities such as drug trafficking, corruption of minors, disorderly conduct, possession of weapons and various altercations including the death of a neighbor.

Beyond his turbulent personal life, John McAfee was a great pioneer in the fields of cybersecurity, created the first commercial antivirus in the history of computing and he was a world-renowned personality.

McAfee, as a private company, will embark on a new path at the hands of a group of powerful investors who will serve as umbrellas to fulfill its stated goal of being «a company focused purely on consumers“Once he sold his corporate security business to private equity firm Symphony Technology Group for $ 4 billion in July.

The Investment Group has already announced the arrival of a significant amount of financial and operational resources for McAfee, with which «further enhance your consumer offering and capture rapidly growing consumer demand for digital protection services«.

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