Optiv Security and KKR Complete Equity Transaction
02 February 2017 - 4:35AM
Business Wire
Optiv Security, a market-leading provider of end-to-end cyber
security solutions, and KKR, a leading global investment firm,
today announced the completion of a previously announced
acquisition of a majority stake of Optiv by KKR. Optiv expects
KKR’s investment will allow Optiv to accelerate its service and
solutions capabilities, and U.S. and international expansion.
“Optiv’s vision is to become the world’s most advanced, most
comprehensive and most trusted partner for cyber security
solutions,” said Dan Burns, Optiv’s chief executive officer. “Our
new partnership with KKR gives us the resources we need to better
help global clients address their full range of cyber risk and
security needs, allowing us to ultimately achieve our vision. We
look forward to working closely with KKR to successfully execute on
our long-term strategy, and to bring maximum value to our clients,
employees, partners and shareholders.”
“With the acquisition now complete, KKR is pleased to be
partnering with the outstanding Optiv management team to execute
against our mutual vision and strategy for Optiv to become a
leading, global cyber security powerhouse,” said Herald Chen, head
of KKR’s Technology investment team.
KKR is making the investment primarily from its eleventh
Americas Private Equity investment fund. KKR has a long record of
supporting technology companies, having invested over $18 billion
of equity in TMT-related private equity investments since 1983. KKR
has experience with a number of security related investments
including Darktrace (enterprise cyber threat defense software),
Ping Identity (next-generation identity security solutions) and
Cylance (next-generation endpoint protection company).
A private equity fund owned by Blackstone (NYSE: BX) and Optiv
management are maintaining minority interests in Optiv. Goldman,
Sachs & Co. and Morgan Stanley & Co. LLC served as
financial advisors to Optiv on the transaction. Kirkland &
Ellis LLP served as legal advisors and Jefferies LLC as financial
advisors to KKR. Simpson Thacher & Bartlett LLP served as legal
advisors to Optiv and Blackstone.
About Optiv SecurityOptiv is a market-leading provider of
end-to-end cyber security solutions. We help clients plan, build
and run successful cyber security programs that achieve business
objectives through our depth and breadth of cyber security
offerings, extensive capabilities and proven expertise in cyber
security strategy, managed security services, incident response,
risk and compliance, security consulting, training and support,
integration and architecture services, and security technology.
Optiv maintains premium partnerships with more than 400 of the
leading security technology manufacturers. For more information,
visit www.optiv.com or follow us at www.twitter.com/optiv,
www.facebook.com/optivinc and
www.linkedin.com/company/optiv-inc.
About KKRKKR is a leading global investment firm that
manages investments across multiple asset classes including private
equity, energy, infrastructure, real estate, credit and hedge
funds. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and driving growth and value creation at the
asset level. KKR invests its own capital alongside its partners'
capital and brings opportunities to others through its capital
markets business. References to KKR's investments may include the
activities of its sponsored funds. For additional information about
KKR & Co. L.P. (NYSE:KKR), please visit KKR's website at
www.kkr.com and on Twitter @KKR_Co.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170201006035/en/
Optiv SecuritySusan Vaillancourt,
603-459-8906susan.vaillancourt@optiv.comorKKRKristi Huller or Cara
Kleiman, 212-230-9722media@kkr.com
Blackstone (NYSE:BX)
Historical Stock Chart
From Sep 2024 to Oct 2024
Blackstone (NYSE:BX)
Historical Stock Chart
From Oct 2023 to Oct 2024