 |
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.
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
Qualcomm has recruited Brett Simpson for the senior VP-IR slot at the San Diego-based wireless technology company.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
