M&A Deal Summary

Gen Digital Acquires Blue Coat Systems

On June 12, 2016, Gen Digital acquired information technology company Blue Coat Systems from Bain Capital Private Equity for 4.7B USD

Acquisition Highlights
  • This is Gen Digital’s 15th transaction in the Information Technology sector.
  • This is Gen Digital’s 2nd largest (disclosed) transaction.
  • This is Gen Digital’s 56th transaction in the United States.
  • This is Gen Digital’s 19th transaction in California.

M&A Deal Summary
Date 2016-06-12
Target Blue Coat Systems
Sector Information Technology
Buyer(s) Gen Digital
Sellers(s) Bain Capital Private Equity
Deal Type Add-on Acquisition
Deal Value 4.7B USD
Advisor(s) Goldman Sachs
Morgan Stanley
Credit Suisse Investment Banking (Financial)
Ropes & Gray
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Blue Coat Systems

Sunnyvale, California, United States
Blue Coat is an enterprise security, providing on-premise, hybrid and cloud-based solutions for protecting web connectivity, combating advanced threats and responding to security breaches. Blue Coat is the global market leader in securing connection to the web and counts nearly 80 percent of the Global Fortune 500 as its customers.

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Buyer(S) 1

Buyer

Gen Digital

Tempe, Arizona, United States
Category Company
Founded 1982
Sector Information Technology
Employees2,700
Revenue 3.8B USD (2024)
DESCRIPTION

Gen Digital is a cyber safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. Gen Digital was founded in 1982 and is based in Tempe, Arizona.

DEAL STATS #
Overall 68 of 78
Sector (Information Technology) 15 of 17
Type (Add-on Acquisition) 65 of 73
State (California) 19 of 21
Country (United States) 56 of 61
Year (2016) 1 of 2
Size (of disclosed) 2 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Veritas

Santa Clara, California, United States

Veritas is an information management systems provider offers storage and server management software solutions. Veritas was founded in 1982 and is based in Mountain View, California.

Sell $8.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-20 LifeLock

Tempe, Arizona, United States

LifeLock, Inc. is a provider of value-added identity theft protection solutions for businesses and consumers. LifeLock, Inc. was established in 2005 and is based in Tempe, Arizona.

Buy $2.3B

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 84 of 147
Sector (Information Technology) 2 of 7
Type (Add-on Acquisition) 24 of 40
State (California) 6 of 13
Country (United States) 51 of 85
Year (2016) 7 of 15
Size (of disclosed) 5 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 FTE Automotive

Ebern, Germany

FTE automotive, headquartered in Germany, is a producer of clutch and gear actuators. Its product portfolio and customer base are highly complementary to Valeo’s. The company has 3,700 employees and a diversified industrial footprint in eight countries, including Germany, the Czech Republic, Slovakia, Mexico and China.

Sell €819M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 MedHOK

Tampa, Florida, United States

MedHOK, Inc. is a provider of software-as-a-service (SaaS) solutions for health plans offered by insurance companies, health systems and companies that administer drug benefits.

Sell -
Mergr

Product

Company

Legal