The deal to sell cybersecurity firm McAfee comes just over a year after it went public.
NEW YORK: US cybersecurity firm McAfee announced on Monday it will be sold to a group of investors for more than $14 billion, just over a year after going public.
The consortium led by Advent International Corporation and Permira Advisers will pay about $12 billion in cash to acquire all of McAfee’s outstanding shares, with the cost rising to more than $14 billion when the company’s debt is added.
The investor group also includes Crosspoint Capital Partners, Canadian pension fund CPP Investments, Singapore’s sovereign wealth fund GIC and a subsidiary of the Abu Dhabi Investment Authority sovereign wealth fund.
The sale is the latest episode in the history of the company founded by John McAfee in 1987, the namesake of…
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