Symphony Technology Group to Acquire McAfee’s Enterprise Business for $4 Billion
San Francisco – Paul Hastings LLP, a leading global law firm, announced that it advised Symphony Technology Group, a private equity firm focused on market-leading data, software and analytics companies, in a definitive agreement for the acquisition of McAfee Corp.’s Enterprise business for $4 billion.
McAfee’s Enterprise business has been the standard within the cybersecurity industry for more than 30 years as a leader for device-to-cloud cybersecurity solutions, and is a trusted partner for more than 85% of the Fortune 100 firms around the world.
The transaction is expected to close by the end of 2021, subject to customary regulatory approvals and closing conditions.
The Paul Hastings team was led by M&A partner Steve Camahort and included associates Evan Griffith, Tiffany Jones, and Meera Patel. The team was assisted by partners Lucas Rachuba (Tax), Jane Song (IP), Dan Stellenberg and Suzanne Horne (Employment Benefits), Lindsay Sparks (Finance), Charles Patrizia (Government Contracts), Scott Flicker (Trade Controls), and Sherrese Smith (Privacy and Cybersecurity), and of counsels Michael Wise (Antitrust) and Jennifer Riddle (Anti-corruption).
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