McAfee to Be Taken Private in $14 Billion Deal Including Debt

An investor group led by buyout firms Advent International Corp., Permira Advisers and others agreed to take McAfee Corp. private in a deal that values the cybersecurity software maker at more than $14 billion including debt.

The private equity consortium will pay $26 a share in cash, according to a statement Monday. Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Pvt Ltd. and a wholly owned subsidiary of the Abu Dhabi Investment Authority are also part of the group of buyers.

The purchase price represents a premium of about 23% over McAfee’s closing share price of $21.21 on Nov. 4, the day before Bloomberg News first reported details of the potential deal. The shares were up less than 1% Monday morning in New York to $25.55. McAfee has total debt of about $4 billion, according to data compiled by Bloomberg.