McAfee Taken Private In $14B Deal Crafted By 4 Firms

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By Benjamin Horney (November 8, 2021, 8:52 AM EST) — A group led by private equity firm Advent International will buy cybersecurity software creator McAfee for an enterprise value of more than $14 billion, the companies said Monday, in a deal led by four law firms.

The agreement, which comes just over a year after the company went public, calls for a group led by Boston, Massachusetts-based Advent to acquire San Jose, California-headquartered McAfee Corp., according to a statement. In addition to Advent, the buying group — which is called Condor BidCo Inc. — features Permira Advisers LLC, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Pte. Ltd., and a…

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