About This Deal

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.

Deal Terms

Acquirer
The Carlyle Group
Target
Veritas Technologies
Value
$7.4B
Date
January 2016
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Mountain View, California, USA
Segment
Corporate Private Equity — Technology / Software
Structure
Corporate carve-out from Symantec; cash
Announced
August 11, 2015
Closed
January 29, 2016

Advisors

Advisory firms were not disclosed for this transaction.

Sources: Press release ↗ · SEC filing ↗

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.