WEBROOT TO BE ACQUIRED BY CARBONITE FOR $618.5 MILLION
The Technology and Private Equity teams advised Webroot in its definitive agreement to be acquired by Carbonite for approximately $618.5 million. Carbonite will fund the transaction with existing cash on hand and funds secured under a new credit facility. The transaction is expected to be immediately accretive on an earnings and cash flow basis, following the close of the transaction which is expected in the first quarter of 2019.