Frank\u00adfurt a.M. \u2014 McDer\u00admott has advi\u00adsed Invest\u00adcorp Tech\u00adno\u00adlogy Part\u00adners on the sale of cyber\u00adse\u00adcu\u00adrity company Avira to Norton\u00adLi\u00adfeL\u00adock Inc. advise Norton\u00adLi\u00adfeL\u00adock, also a leading cyber\u00adse\u00adcu\u00adrity company, will acquire Avira in an all-cash tran\u00adsac\u00adtion valued at appro\u00adxi\u00adm\u00adately $360 million. The closing of the tran\u00adsac\u00adtion is still subject to anti\u00adtrust clearance and is expec\u00adted in the first quar\u00adter of next year.<\/p>\n
Invest\u00adcorp had only acqui\u00adred Avira in April 2020 for around 165 million euros. The acqui\u00adsi\u00adtion marked Invest\u00adcorp\u2019s seventh deal from its $400 million IV. Tech\u00adno\u00adlogy Fund and the third acqui\u00adsi\u00adtion of a tech company in the DACH region within the previous 18 months.<\/p>\n
Avira is a leading multi\u00adna\u00adtio\u00adnal IT secu\u00adrity soft\u00adware company head\u00adquar\u00adte\u00adred in Germany with offices in Europe, the US and Asia. It serves the OEM (origi\u00adnal equip\u00adment manu\u00adfac\u00adtu\u00adrer) and consu\u00admer markets with anti-malware, threat intel\u00adli\u00adgence and IoT solu\u00adti\u00adons, protec\u00adting over 500 million endpoints worldwide.<\/p>\n
Invest\u00adcorp Tech\u00adno\u00adlogy Part\u00adners focu\u00adses on inves\u00adt\u00ading in fast-growing, foun\u00adder-led compa\u00adnies in Europe. The tech\u00adno\u00adlogy team is conside\u00adred a market leader in inves\u00adt\u00ading in lower middle market compa\u00adnies with a focus on soft\u00adware, data\/analytics, cyber\u00adse\u00adcu\u00adrity and fintech\/payment. Since 2001, Invest\u00adcorp has raised over $1.5 billion to invest in tech\u00adno\u00adlogy companies.<\/p>\n
The McDer\u00admott team led by part\u00adners Michael Cziesla and Norman Wasse had alre\u00adady advi\u00adsed Invest\u00adcorp Tech\u00adno\u00adlogy Part\u00adners on the acqui\u00adsi\u00adtion of Avira in April and on the acqui\u00adsi\u00adtion of a majo\u00adrity stake in Content\u00adserv Group in 2019.<\/p>\n
Advi\u00adsors Invest\u00adcorp Tech\u00adno\u00adlogy Part\u00adners: McDer\u00admott Will & Emery (Frank\u00adfurt)<\/strong> Pros\u00adkauer Rose (London): Steven Davis, David Hill, Jacque\u00adline Ball<\/p>\n","protected":false},"excerpt":{"rendered":" Frank\u00adfurt a.M. \u2014 McDer\u00admott has advi\u00adsed Invest\u00adcorp Tech\u00adno\u00adlogy Part\u00adners on the sale of cyber\u00adse\u00adcu\u00adrity company Avira to Norton\u00adLi\u00adfeL\u00adock Inc. advise Norton\u00adLi\u00adfeL\u00adock, also a leading cyber\u00adse\u00adcu\u00adrity company, will acquire Avira in an all-cash tran\u00adsac\u00adtion valued at appro\u00adxi\u00adm\u00adately $360 million. The closing of the tran\u00adsac\u00adtion is still subject to anti\u00adtrust clearance and is expec\u00adted in the first [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":36397,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1368,1369],"tags":[],"class_list":["post-43501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","news-category-deals-news-en","news-category-private-equity-news-en"],"yoast_head":"\n
\nDr. Michael Cziesla (photo), Norman Wasse (both lead, M&A\/Private Equity), Dr. Kian Tauser, Dr. Heiko Kermer, Marcus Fischer (Coun\u00adsel; all Tax), Daniel von Brevern (Anti\u00adtrust, D\u00fcssel\u00addorf), Dr. Niko\u00adlas Kout\u00ads\u00f3s (Coun\u00adsel, Finan\u00adcing); Asso\u00adcia\u00adtes: Dr. Marion von Gr\u00f6n\u00adheim, Victo\u00adria Huf (Trai\u00adnee; both Corporate\/M&A)<\/p>\n