Mergers and Acquisitions, Networking

Confirmed: KKR Acquires Optiv Security

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KKR is acquiring Optiv Security, the companies confirmed today. ChannelE2E first reported financial details about the deal on December 5. Optiv claims to be the largest pure-play IT solutions provider focused on security.

Optiv is being acquired from a group of private investors, including a private equity fund managed by Blackstone (NYSE: BX), which will maintain a minority interest in Optiv along with Optiv management, the companies said. Other selling shareholders include Investcorp and Sverica, the companies said.

Financial terms of the transaction are not being disclosed. However, sources tell ChannelE2E the deal was valued at about $1.8 billion to $1.9 billion, with a potential EBITDA multiple of between 11 and 13. For more details about Optiv's business and financial performance, check our original December 5, 2016 report.

More M&A: Track all VAR, MSP and CSP mergers and acquisitions by visiting the ChannelE2E Milestones section each day.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.