Mandiant Divests FireEye Products Business to McAfee Enterprise.

INTERNET BUSINESS NEWS-(C)1995-2021 M2 COMMUNICATIONS

Mandiant, Inc. (NASDAQ: MNDT), the provider of dynamic cyber defense and response, has announced the completion of the previously announced transaction to sell the FireEye Products business to McAfee Enterprise, which is backed by a consortium led by Symphony Technology Group (STG), in an all-cash transaction for USD 1.2 billion, before taxes and transaction-related expenses, the company said.

Mandiant and the combined McAfee Enterprise and FireEye Products company will continue to support customers post-closing with a joint reseller relationship, shared product telemetry and frontline threat intelligence.

Goldman Sachs & Co. LLC served as financial advisor, and Wilson Sonsini Goodrich & Rosati P.C. acted as legal advisor, to Mandiant.

UBS Investment Bank and Jefferies LLC acted as financial advisors, and Paul Hastings LLP acted as legal advisor, to STG. UBS Investment Bank and Jefferies...

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