Investcorp Technology Partners acquires majority stake in AVIRA
Tettnang — European technology investor Investcorp Technology Partners has acquired a majority stake in Avira Holding GmbH & Co KG and ALV GmbH & Co KG (“Avira”) for US $180 million. P+P Pöllath + Partners advised the sellers and the Avira management in the course of the transaction.
Avira is a multinational company for software solutions in the field of cyber security and anti-virus programs with headquarters in Tettnang, Baden-Württemberg. Avira serves both the OEM (original equipment manufacturer) and consumer end markets and protects over 500 million end devices worldwide. Founded in 1986, the company focuses on anti-malware, threat intelligence and IoT solutions. Avira software protects against viruses and malware and provides users with security for online identity as well as for finances and other private data.
The buyer, Investcorp Technology Partners, focuses on investing in mid-market technology companies with a focus on data, analytics, IT security and fintech/payments. The Avira acquisition is the seventh deal from the $400 million fourth technology fund and the third acquisition of a software company in the DACH region in 18 months, noted Gilbert Kamieniecky (pictured), managing director and head of Investcorp’s technology private equity division.
Advisors to AVIRA: P+P provided legal and tax advice with the following Munich team
Otto Haberstock, M.C.J. (Partner, Lead, M&A/Private Equity), Gerald Herrmann (Counsel, Tax), Laura Greimel (Senior Associate, M&A/Private Equity), Annika Junginger (née Anders, Associate, M&A/Private Equity).