Symantec $4.65 billion acquisition of Blue Coat

13/6/2016
Public acquisition

$ 4.65 billion

Completed

13/6/2016


Overview:

  • Symantec has acquired Blue Coat in a $4.7 billion deal.
  • Both companies are technology security firms.
  • Blue Coat was sold by private equity firm Bain Capital.
  • Symantec's last big deal was when it sold its data storage unit Veritas this past January.
  • Fenwick & West (Doug Cogen, David Michaels, Scott Joachim) and Simpson Thacher & Bartlett advised Symantec.
  • Ropes & Gray (Will Shields, Thomas Holden, Byung Choi) advised Bain Capital and Blue Coat.
  • Wilson Sonsini Goodrich & Rosati (Martin Korman, Todd Cleary) advised Blue Coat.
  • Davis Polk & Wardwell (Alan Denenberg, Max Brunner) represented Symantec financial adviser JPMorgan Chase.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Technology and telecommunications


Firms:

Party: JPMorgan Chase (Financial adviser)

Lawyer: Alan Denenberg


Party: Symantec (Acquirer)


Party: Bain Capital (Seller)

Party: Blue Coat (Target)


Party: Symantec (Acquirer)


Party: Blue Coat (Target)