Cyber Security Provider, Optiv, to be Acquired by KKR

optiv

  • 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.

Click HERE for the entire press release.

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