The Carlyle Group acquired Veritas Technologies for $7.4B, a transaction completed in January 2016, structured as Corporate carve-out from Symantec; cash.
Veritas Technologies operates in Corporate Private Equity — Technology / Software, is based in Mountain View, California, USA. Carlyle agreed to buy Veritas, the information-management and data-protection software business, from Symantec for $8 billion, later amended to $7.4 billion before closing. Veritas' portfolio spans backup and recovery, integrated appliances, information intelligence and information availability. Equity came from Carlyle Partners VI together with Singapore's GIC and other co-investors; the carve-out closed January 29, 2016.
Acquire an enterprise data-management and backup software franchise with a large installed base among Fortune 500 companies.
Advisory firms were not disclosed for this transaction.