Investment Summary

Exits McAfee

On October 1, 1992, invested in information technology company McAfee from TA Associates and Summit Partners

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • McAfee was sold to a strategic buyer in 2010 for 7.7B USD.
  • McAfee was divested to a consortium of buyers in 2016 for 4.2B USD.
  • McAfee went public in 2020.
  • McAfee was sold to a consortium of financial buyers in 2021 for 14.0B USD.

Investment Summary

Date 1992-10-01
Target McAfee
Sector Information Technology
Sellers(s) TA Associates
Summit Partners
Deal Type IPO

Target

McAfee

Santa Clara, California, United States
website
McAfee's corporate headquarters in Santa Clara, California.
McAfee's corporate headquarters in Santa Clara, California.
McAfee delivers proactive and proven security solutions and services that help secure systems and networks around the world, McAfee protects consumers and businesses of all sizes from the latest malware and emerging online threats. McAfee's solutions are designed to work together, integrating anti-malware, antispyware, and antivirus software with security management features that deliver unsurpassed real-time visibility and analytics, reduce risk, ensure compliance, improve Internet security, and help businesses achieve operational efficiencies. McAfee was formed in 1987 and is based in Santa Clara, California.

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Seller(S) 2

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 16 of 254
Sector (Information Technology) 1 of 21
Type (IPO) 5 of 43
State (California) 6 of 31
Country (United States) 15 of 206
Year (1992) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-09-01 Colorado Memory Systems

Loveland, Colorado, United States

Colorado Memory Systems, Inc. manufactures and markets personal computer tape-backup systems for IBM-compatible personal computers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Compbenefits

Roswell, Georgia, United States

CompBenefits Corporation provides dental and vision care benefit plans in the United States.

Buy -
SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 9 of 281
Sector (Information Technology) 1 of 21
Type (IPO) 9 of 73
State (California) 3 of 62
Country (United States) 9 of 243
Year (1992) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-07-20 Boca Research

Boca Raton, Florida, United States

Boca Research Inc., through its wholly owned subsidiary Inprimis Technologies Inc., is a provider of design services and technology for the development of entertainment, information and interactive systems as well as Internet-based appliances. Inprimis offers software development, product design and system engineering services to consumer electronics manufacturers, cable and telecommunications companies and Internet Service Providers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Active Voice

Seattle, Washington, United States

Active Voice Corp. designs, develops, and markets call processing systems for small to medium size businesses with fewer than 200 employees.

Sell -