STG-Led Consortium Strikes $1.2B Cash Deal for FireEye Products Business; Kevin Mandia Quoted

▤ Summary

Upon closing, STG will operate the FireEye Products business as a standalone company within its portfolio. “We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organizations to better serve customers,” said FireEye CEO Kevin Mandia. FireEye also announced that its board of directors authorized a share buyback program of up to $500 million. Goldman Sachs & Co. and Wilson Sonsini Goodrich & Rosati respectively serve as financial and legal advisers to FireEye in the transaction. UBS Investment Bank and Jefferies serve as STG’s financial advisers while Paul Hastings acts as the private equity firm’s legal counsel.

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