Avast owners hire Rothschild for $4 billion software IPO - sources

[Paul.R]

Content source

https://www.reuters.com/article/us-cvc-avast-ipo-exclusive/exclusive-avast-owners-hire-rothschild-for-4-billion-software-ipo-sources-idUSKBN1D715Y

MADRID/LONDON (Reuters) - The owners of Avast Software have hired Rothschild to prepare the business for a share sale which could value one of the world’s most used providers of computer antivirus software at as much as $4 billion, four sources familiar with the matter told Reuters.

CVC Capital Partners [CVC.UL], which took control of the Prague-based company in 2014, could seek an initial public offering (IPO) in London for Avast in the first half of next year if market conditions allow, two of the sources said.

CVC and Rothschild declined to comment.

​

 

[upnorth]

If successful, Avast’s IPO would represent the largest ever UK technology IPO. However, it would have to navigate a tough market, which has seen a number of planned London listings pulled in recent weeks.

Avast’s enterprise value has more than tripled in recent years following a series of bolt-on acquisitions including a $1.3 billion swoop on U.S. rival AVG Technologies in 2016 and the purchase of London-based optimization software firm Piriform in July for an undisclosed amount. Chief executive Vincent Steckler told Reuters in 2015 that the company was then worth “upwards of $2 billion”

 

[FrFc1908]

nwo and avast.......what an amazing combo! :X3: