In a $360 million deal, Investcorp Technology Partners Fund IV had its first exit in the sale of leading cybersecurity provider Avira.
The sale to Nasdaq-listed NortonLifeLock is expected to close in the first quarter of next year, according to a company announcement. Headquartered in Germany, Avira is a global cybersecurity software solutions firm serving the consumer and OEM (Original Equipment Manufacturer) end markets.
Investcorp through its $400 million Fund IV was Avira’s first institutional investor and has since collaborated with founder Tjark Auerbach to drive organic growth and materially increase EBITDA.
Continue ReadingUnlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.
