POELLATH advises on sale of AVIRA to Investcorp Technology Partners
Avira is a multinational provider of software solutions for cyber security and anti-virus programs; the company is headquartered in Tettnang, Baden-Württemberg. Avira serves both the OEM (original equipment manufacturer) and consumer end markets and it protects over 500 million end devices worldwide. The company was founded in 1986 and focuses on anti-malware, threat intelligence and IoT solutions. The Avira software protects against viruses and malwares and provides security to the users for online identity, finances and other private data.
The buyer, Investcorp Technology Partners, primarily invests in tech companies with a focus on data, analytics, IT security and fintech/monetary transactions. The acquisition of Avira is the seventh deal for the fourth technology fund, which is endowed with USD 400 million, and the second takeover of a software company in the DACH region within a year.
POELLATH advised on all legal and tax matters with the following Munich-based team:
- Otto Haberstock (partner, lead, M&A/private equity)
- Gerald Herrmann (counsel, tax)
- Laura Greimel (senior associate, M&A/private equity)
- Annika Junginger (née Anders, associate, M&A/private equity).