GIC Acquires Veritas from Symantec
Ropes & Gray represented GIC, Singapore’s sovereign wealth fund, in connection with its agreement to acquire Veritas from information security solutions maker Symantec Corp. GIC is acquiring Veritas for $8 billion in cash. Veritas focuses on information management technologies.
The transaction, announced Aug. 11, is subject to regulatory approvals and other closing conditions. It is expected to close by Jan. 1, 2016.
The New York-based Ropes & Gray team included private equity partner Anthony Norris, finance partner Stefanie Birkmann, private equity counsel Christopher Parsons and tax associate Adam Greenwood.