Ropes & Gray Advises McAfee in Sale of Enterprise Business to Symphony Technology Group
Ropes & Gray advised McAfee Corp. in a definitive agreement to sell its Enterprise business to a consortium led by Symphony Technology Group in an all-cash transaction for $4 billion. The transaction was announced on March 8. The press release is available here.
McAfee is a device to-cloud cybersecurity company that has set the pace and standard within the cybersecurity industry for more than 30 years. The transaction is expected to close by the end of 2021 subject to customary regulatory approvals and closing conditions.
The Ropes & Gray team that represented McAfee was led by private equity partners Mike Roh (Boston) and Howard Glazer (San Francisco), mergers & acquisitions partner Paul Scrivano (San Francisco and New York), private equity partner Scott Abramowitz (New York) and IP transactions partner Megan Baca (Silicon Valley), and included private equity counsel Anthony Bernard (Boston), litigation & enforcement partners Jonathan Klarfeld, Ama Adams and Maria Calvet (all of Washington D.C.), Daniel McCaughey, Randall Bodner and Peter Welsh (all of Boston), Timothy Farrell (Chicago) and Ruchit Patel (London), mergers & acquisitions partner Edward Black (Boston), employment, executive compensation & benefits partner Megan Bisk (Boston), senior counsel Alfred Rose (Boston), debt finance partners Arek Maczka and Jay Kim (both of New York), private equity partners Jay Freedman and Thomas Holden (both of San Francisco) and John Newton (London), tax partners Adam Greenwood (New York) and Andrew Howard (London), and data, privacy & cybersecurity partner Edward McNicholas (Washington D.C.).