Investment Summary

CVC Capital Partners and Summit Partners Invest In Avast

On August 23, 2010, private equity firm CVC Capital Partners and growth capital firm Summit Partners invested in software company Avast

Investment Highlights
  • This is CVC Capital Partners’ 1st and Summit Partners’ 33rd transaction in the Software sector.
  • This is CVC Capital Partners’ 2nd and Summit Partners’ 1st transaction in Czech Republic.
Investment Fate
  • Avast went public in 2018.
  • Avast merged with another company in 2021.

Investment Summary

Date 2010-08-23
Target Avast
Sector Software
Investor(s) CVC Capital Partners
Summit Partners
Deal Type Growth Capital
Advisor(s) Jamieson Corporate Finance (Financial)
White & Case (Legal)

Target

Avast

Prague, Czech Republic
Avast develops avast! Free Antivirus, a free full-featured computer security application that protects more than 150 million registered users around the world from online threats. The company’s products are distributed globally through a unique ‘freemium’ business model. Avast was formed in1988 and is based in Prague, Czech Republic.

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Investor(S) 2

Investor

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 134 of 328
Sector: Software M&A 1 of 8
Type: Growth Capital M&A Deals 2 of 20
Country: Czech Republic M&A 2 of 3
Year: 2010 M&A 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-11 Abertis

Barcelona, Spain

Abertis is involved in the management of toll roads, managing over 8,600 kilometers of high capacity and quality roads in 16 countries in Europe, the Americas, and Asia. The company is an operator of toll roads in countries such as Spain, Chile and Brazil, and also has a significant presence in France, Italy, Mexico, Puerto Rico and Argentina. Abertis is based in Barcelona and Madrid.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-26 Leslie s

Phoenix, Arizona, United States

Leslie's is a specialty retailer of swimming pool supplies and related products. Leslie's was founded in 1963 and is based in Phoenix, Arizona.

Buy -
Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B 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 209 of 415
Sector: Software M&A 33 of 74
Type: Growth Capital M&A Deals 130 of 237
Country: Czech Republic M&A 1 of 1
Year: 2010 M&A 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-03 Accedian

Montreal, Quebec, Canada

Accedian is a provider of highly accurate network performance monitoring and assurance solutions. Accedian's software and technology are used by the world’s largest mobile, enterprise, and carrier networks to monitor, test, and ultimately ensure the real-time quality of service (QoS) and quality of experience (QoE) for operators. Accedian Networks was founded in 2004 and is based in Montreal, Quebec.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-14 Winshuttle

Bothell, Washington, United States

Winshuttle is a provider of ERP usability software, enabling business users to work with ERP systems directly from Excel, PDF, SharePoint and other interfaces without any programming. Winshuttle was established in 2003 and is based in Bothell, Washington.

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