McDermott Advises Investcorp Technology Partners on €165 million Acquisition of Avira

Overview


Frankfurt -14 April, 2020 – McDermott advised Investcorp Technology Partners on its €165 million acquisition of Avira Holding GmbH & Co KG and ALV GmbH & Co KG (“Avira”), Germany’s leading cybersecurity company. The closing of the transaction is subject to customary antitrust approval.

For Investcorp, the acquisition of Avira marks the seventh deal from its $400 million Fourth Technology Fund and the third investment in the DACH tech sector in the last 18 months.

Avira, headquartered in Germany with offices across the EU, in the United States, and in Asia, is a multinational cybersecurity software solutions firm serving the OEM (Original Equipment Manufacturer) and consumer markets, with more than 500 million endpoints protected globally. With over 30 years of product development experience, Avira specializes in anti-malware, threat intelligence and IoT solutions.

Investcorp Technology Partners focuses on investments in fast-growing founder-owned companies headquartered in Europe. The Technology team is a market leader in investing in lower mid-market technology companies with a specific focus on software, data analytics, cybersecurity and fintech payments. Since 2001, Investcorp has raised over $1.5 billion in funding for technology investments.

The McDermott team led by Michael Cziesla and Norman Wasse previously advised Investcorp Technology Partners on the acquisition of a majority stake in Contentserv Group in 2019.

A McDermott team led by Michael Cziesla and Norman Wasse advised Investcorp Technology Partners on this complex international transaction together with, Kian Tauser, Marcus Fischer, Maximilian Clostermeyer, Alexa Ningelgen, Christoph Coenen, Christian Rolf, Gudrun Germakowski, Christian Masch, Daniel von Brevern, Meir Lewittes, Isabelle Müller, Tobias Riemenschneider, Marion von Grönheim, Tina Zeller, Mirjam Büsch, Isabella Kätzlmeier, Daniel Reich, Max Küttner and Nathaniel C. Wolfe.

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