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.
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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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