On April 3, 2017, Intel Corporation (NASDAQ: INTC) announced that it had completed the separation of its cybersecurity brand McAfee. McAfee has been transformed into a standalone business in which Intel continues to hold 49%, whereas new investor TPG Capital holds 51% in the security provider. The investment agreement between Intel and TPG Capital valued McAfee at USD 4.2 bn.

Homburger advised Intel | McAfee as to the Swiss law aspects of the transaction. The Homburger team was led by partners Daniel Hasler (Corporate | M&A) and Balz Gross (Employment Law) and comprised associates Mario Walti (Corporate | M&A), Mladen Stojiljkovic and Severine Frunz (both Employment Law).