Milbank LLP advised an investor group led by PSP Investments Credit USA LLC and investment funds managed by Neuberger Berman on the preferred equity financing for the acquisition of McAfee Corp. (NASDAQ:MCFE), a global leader in online protection, by an investor group comprised of Advent International Corporation, Permira Advisers LLC, Crosspoint Capital Partners L.P., Canada Pension Plan Investment Board, GIC Private Limited and a wholly owned subsidiary of the Abu Dhabi Investment Authority (collectively, “the Investor Group”).
On November 8, 2021, the Investor Group announced the acquisition of all outstanding shares of McAfee common stock for $26.00 per share in an all-cash transaction valued at over $14 billion. As a result of the transaction, McAfee is no longer a publicly traded company.
The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Spencer Pepper along with Capital Markets partner Rod Miller, and associates Benjamin Eisenstein, Wendy Becker and James Fine.
