- Optiv is a market-leading provider of Cyber Security solutions, reporting $947.3 million in revenue for 2015, and $97.5 million in EBITDA
- KKR (NYSE KKR) is a global investment firm which invests across multiple industries
- Enterprise Value: $1.8 – $1.9 Billion
- EV/LTM EBITDA: 11-13x
Optiv Security, a market-leading provider of end-to-end cyber security solutions, and KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKR will acquire a majority stake in Optiv. The company is being acquired from a group of private investors, including a private equity fund managed by Blackstone (NYSE: BX), which will maintain a minority interest in Optiv along with Optiv management. Other selling shareholders include Investcorp and Sverica. Financial terms of the transaction are not being disclosed.
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Categories: IT Management