Tuesday, 20 December , 2016     |     1297      |      +      |     

Bahrain’s Investcorp to sell Optiv Security stake to KKR

Bahrain’s Investcorp to sell Optiv Security stake to KKR :
  • Bahrain

Investcorp Bank has agreed to sell its stake in cybersecurity company Optiv Security Inc to private equity firm KKR & Co, the Bahrain-based private equity investor said in a bourse statement Tuesday.

KKR & Co said on Dec. 6 it would acquire Denver, Colorado-based Optiv from majority owner Blackstone Group LP , Investcorp and Sverica and other investors.

Financial terms of the transaction were not disclosed.

Investcorp said Optiv management and Blackstone would continue to hold a minority interest in the company.

Optiv was created in 2015 from the merger of cybersecurity companies FishNet Security and Accuvant, in which Blackstone made a majority investment in 2014.

Optiv filed for an IPO last month, with a nominal fundraising target of $100 million. (Reporting by Alexander Cornwell; Editing by Gopakumar Warrier)


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Category: #Bahrain, #Gulf News | 2016/12/20 latest update at 5:47 PM
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