IFLR1000

Avast Software $1.3 billion acquisition of AVG Technologies

7/7/2016
Acquisition finance, Public acquisition
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$ 1.3 billion

Completed

7/7/2016

Overview:

  • Czech-based Avast Software has acquired Holland-based AVG Technologies in a $1.3 billion deal.
  • Both companies develop security software, and both are listed on US exchanges.
  • The cost of the all-cash acquisition comes to $25 per AVG share.
  • Credit Suisse, Jefferies, UBS, Bank of America Merrill Lynch and Société Générale acted as lenders on the senior secured credit facilities provided for the acquisition finance.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Netherlands
United Kingdom
Czech Republic

Deal types:

Acquisition finance
Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Allen & Overy

Party: AVG Technologies (Target)

Lawyers: Christiaan de Brauw, Joyce Leemrijse

De Brauw Blackstone Westbroek

Party: Avast Software (Acquirer)

Kinstellar

Party: Credit Suisse (Lender)

Party: Jefferies Financial (Lender)

Party: UBS (Lender)

Party: Bank of America Merrill Lynch (Lender)

Party: Société Générale (Lender)

Lawyer: Martina Březinová

Milbank

Party: Credit Suisse (Lender)

Party: Jefferies Financial (Lender)

Party: UBS (Lender)

Party: Bank of America Merrill Lynch (Lender)

Party: Societé Générale (Lender)

Lawyer: Suhrud Mehta

Orrick Herrington & Sutcliffe

Party: AVG Technologies (Target)

Lawyers: Peter Lamb, Richard Smith

White & Case

Party: Avast Software (Acquirer, Borrower)

Lawyers: Caroline Sherrell, Chang-Do Gong, Douglas Landy, Farhad Jalinous

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