Security-software company McAfee Corp. is nearing a deal to sell itself to a group including private-equity firms Advent International Corp. and Permira for more than $10 billion, according to people familiar with the matter. McAfee, which returned to the public markets in October 2020, is part-owned by private-equity firms TPG and Thoma Bravo LP and Singapore sovereign-wealth fund GIC Pte. Ltd. Intel Corp. bought McAfee in 2011 as part of a strategy to move the chip-making giant’s technology beyond computers. With $81 billion in assets under management, Advent has been investing in technology for more than three decades. Its portfolio company Informatica Inc., a data-management-software producer, went public last month and now sports a $10 billion market capitalization.

Source: Wall Street Journal November 07, 2021 12:57 UTC