Anti-Virus deals in India and US Sequoia acquires stake in Quick Heal Intel buys McAfee

Private equity major, Sequoia Capital (Sequoia) has acquired a 10 percent stake in Pune based Quick Heal Technologies Private Limited (Quick Heal). Quick Heal is a growing market leader in the computer security market. Their indigenous security programmes are used in small businesses, corporate as well as homes..Private equity major, Sequoia Capital (Sequoia) has acquired a 10 percent stake in Pune based Quick Heal Technologies Private Limited (Quick Heal). Quick Heal is a growing market leader in the computer security market. Their indigenous security programmes are used in small businesses, corporate as well as homes..Sequoia which acquired the stake in Quick Heal for Rs. 60 crore ($ 13 million) has earlier invested in other technology related companies such as July Systems, Druva Software among other companies..Sequoia was advised by the Mumbai office of AZB & Partners. The team from AZB was led by Partner Yogesh Bhattarai and consisted of Associates Percis Saria, Samidha Tyagi and Jhelum Arle. The firm was involved in the due diligence as well as drafting and negotiating the transaction documents. Quick Heal was advised by Vaish Associates whose team was led by Partner Bomi Daruwalla and included Senior Associate Krishnan Kishor and Associate Siddharth Sheshan..The Sequoia-Quick Heal deal comes in the background of a major international deal in the computer security market of Intel and McAfee. Last week, Intel announced plans to acquire antivirus software maker McAfee, Inc. for $7.7 billion (Rs.34,650 crore). Amlaw reports that Intel turned to Morrison & Foerster (MoFo) to advise on the acquisition. The deal team was led by San Francisco Partner Robert Townsend, chair of the firm’s global corporate practice, and includes corporate Partners Bruce Mann, Michael O’Bryan, and Jackie Liu, IP Partner Tessa Schwartz, and executive compensation and employee benefits Partner Michael Frank. Amlaw also mentioned that Mofo is a regular outside counsel to Intel on M&A and portfolio company investments and has handled several significant acquisitions in the past year..Wilson Sonsini Goodrich & Rosati advised McAfee on the deal, according to Intel’s statement. The team included firm chair Larry Sonsini and Partners Jeff Saper, Michael Ringler, and Rezwan Pavri. McAfee has been a longtime client of Wilson Sonsini.

Anti-Virus deals in India and US Sequoia acquires stake in Quick Heal Intel buys McAfee

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