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 finance partner Stefanie Birkmann and tax associate Adam Greenwood.