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Investcorp takes over Germany’s Avira for $180m

Investcorp takes over Germany’s Avira for $180m
The takeover represents Investcorp’s first institutional investment in Avira
Investcorp
INVCORP
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Mubasher: Investcorp Technology Partners, a major European technology investor, has decided to acquire Avira Holding GmbH & Co KG and ALV GmbH & Co KG (Avira) for $180 million.

The takeover is Investcorp’s first institutional investment in Avira since its establishment in 1986, according to a press release on Thursday.

Headquartered in Germany, Avira is a multinational cybersecurity software solutions firm that serves the original equipment manufacturer (OEM) and consumer end markets, protecting over 500 million systems worldwide.

Over more than 30 years, Avira has developed particular strengths in anti-malware, threat intelligence, and IoT solutions, with a software that guarantees next-generation security for users’ online identity, finances, and private data.

Commenting on the investment, managing director and head of Investcorp’s Technology Private Equity business, Gilbert Kamieniecky, said, “Avira represents an attractive opportunity to invest in a cybersecurity business and marks our third investment in the DACH tech sector in the last 18 months.”

In the meantime, Avira’s CEO, Travis Witteveen, added, “The investment confirms our business strategy and enables us to further accelerate our profitable growth in the consumer and OEM market segments."

Moreover, the founder of Avira, Tjark Auerbach, concluded, "We have been protecting our users for more than 30 years. With Investcorp, I have an investment partner who shares my values and will underpin the strategy of the management team to continue protecting people for many years to come.”

It is noteworthy that the acquisition is subject to anti-trust approval.