 |
Finsbury Glover Hering represents Czech Republic-based Avast as it merges with NortonLifeLock in a cash/stock cybersecurity deal worth more than $8B.
The merger combines Avast’s strength in privacy and NortonLifeLock’s expertise in identity, creating a broad and complementary product portfolio.
The combined cybersecurity company, which will trade on the NASDAQ, will serve more than 40M direct customers and 500M-plus users.
“This transaction is a huge step forward for consumer cyber safety and will ultimately enable us to achieve our vision to protect and empower people to live their digital lives safely,” said Vincent Pilette, CEO of NortonLifeLock.
Following the completion of the transaction, Pilette will be CEO, Avast chief Ondřej Vlček will become president and NortonLifeLife CFO Natalie Derse will keep her title.
The company will be dual headquartered in Prague and Tempe, AZ.
Finsbury Glover Hering has Dorothy Burwell representing Avast, which is listed on the London Stock Exchange.
WPP owns Finsbury Glover Hering.
FGS Global represents DICK’s Sporting Goods as it acquires Foot Locker, which has about 2,400 retail outlets in 20 countries, in a deal valued at $2.5B.
A strategic, step-by-step approach to going public.
Collected Strategies handles Landsea Homes Corp. as it gets acquired by New Home Co., a portfolio company of Apollo Global Management, in an all-cash deal valued at $1.2B.
Joele Frank handles NRG Energy, which is acquiring the natural gas generation facilities of infrastructure company LS Power in a cash, stock and debt assumption deal valued at $12B.
ICR Inc. and C Street Advisory Group work Weight Watchers' Chapter 11 filing as it battles heavy competition from weight-loss drugs and crushing debt.
Have a comment? Send it to 
No comments have been submitted for this story yet.