Orrick Advises AVG Technologies on its Acquisition by Avast

07.08.16

Orrick has advised AVG Technologies N.V. (NYSE: AVG), a leading developer of business, mobile and PC device security software applications, on its $1.3 billion acquisition by Avast Software. The acquisition was structured as an all-cash tender offer for the outstanding ordinary shares of AVG, with the initial offer period closing on September 30.

AVG is a leading provider of software services to secure devices, data and people. AVG’s award-winning consumer portfolio includes internet security, performance optimization, location services, data controls and insights, and privacy and identity protection for mobile devices and desktops. Avast, a maker of mobile and PC security software, protects 230 million people and businesses with its security applications. Its portfolio includes security and privacy products for PC, Mac, Android and iOS, and premium suites and services for businesses.

The Orrick team advising AVG was led by corporate partner Peter Lamb and included partners Richard Vernon Smith and Ed Batts (M&A and Private Equity), Jason Flaherty (Compensation and Benefits), Alex Okuliar and Douglas Lahnborg (Antitrust and Competition), Harry Clark (CFIUS), Zach Finley (Banking and Finance), Eric Wall (Tax) and of counsels Charles Walker, Lynne Hirata and Pat Zeigler.