Intel and TPG Are Reportedly In Early Talks to Sell McAfee To Thomas Bravo

  • General
  • December 15, 2018
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  • 4 minutes read
McAfee CEO Chris Young

image : Intel

According to a recent CNBC report, Private equity firm Thomas Bravo is in early discussions to purchase security software vendor McAfee from its owners Intel and TPG Capital for a “significant premium” over its 2016 $4.2 billion valuation.

It cites sources familiar with the matter and notes that talks may still fall apart with no guarantee of a deal announcement expected soon. Intel purchased a then publicly traded McAfee for $7.6 billion in 2010 with aspirations of bundling its chips with the company’s security technology, This didn’t turn out well leading the chipmaker to a loss of over $3 billion in value after it offloaded 51% of the company to TPG at a $4.2 billion valuation in 2016.

Intel interim CEO Bob Swan

image : Intel

Thomas Bravo also made a minority investment in McAfee after the TPG sale. Just this year, The private equity firm has acquired companies including Centrify, Apptus, Imperva, Veracode, PEC Safety, Quorum Software and Barracuda Networks for billions of dollars in value. It also reportedly approached Symantec with an acquisition offer last month.

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