Investor Group to Acquire McAfee, for Over $14 Billion


McAfee Corp. (NASDAQ:MCFE), a global leader in online protection, is to go private via an acquisition by an investor group, for over $14 billion.

The investor group was led by Advent International Corporation and Permira Advisers, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Private Limited, and a wholly owned subsidiary of the Abu Dhabi Investment Authority. As part of the deal, the group will acquire all outstanding shares of McAfee common stock for $26.00 per share in an all-cash transaction valued at approximately $12 billion on an equity value basis, and over $14 billion on an enterprise value basis after giving effect to repayment of McAfee debt.

The purchase price represents a premium of approximately 22.6% over McAfee’s closing share price of $21.21 on November 4, 2021, the last trading day prior to media reports regarding a potential sale of McAfee.

Upon completion of the transaction, the investors will take ownership of McAfee, which had completed its initial public offering last year, as a privately held company.

Collectively, the Investor Group will provide McAfee with both financial and operational resources to further enhance its consumer offering and capture the growth in consumer demand for digital protection services.