Avast plc £6.2 Billion Merger With NortonLifeLock Inc

In UK Ashurst, Kirkland & Ellis, Macfarlanes LLP, White & Case, advised on the matter.

Ashurst advised Evercore Inc. with a team including Tom Mercer (Picture – Corporate M&A), Tim Rennie (Corporate M&A), Harry Thimont (Corporate M&A).

Kirkland & Ellis advised NortonLifeLock with a team including Paula Riedel (Competition Law), Matthew Sinclair-Thomson (Competition Law), Ambarish Dash (Finance), Kirsteen Nicol (Finance), Emma Flett (IP&IT).

Macfarlanes LLP advised NortonLifeLock with a team including Harry Coghill (Corporate M&A), Tom Rose (Corporate M&A), Robert Collard (Executive Compensation), Jeremy Moncrieff (Tax M&A and Deal Advisory).

White & Case advised Avast Software with a team including Tim Hickman (Commercial Law), Marc Israel (Competition Law), Lucy Bullock (Corporate M&A), Dominic Ross (Corporate M&A), Allan Taylor (Corporate M&A), Amanda Cowell (Dispute Resolution), Nicholas Greenacre (Employment), Jonah Anderson (Tax M&A and Deal Advisory), Will Smith (Tax M&A and Deal Advisory).

On completion of the merger, the combined group will be dual headquartered in Prague, Czech Republic, and Tempe, Arizona, USA, and will have a significant presence in the Czech Republic. The combined group will be listed on NASDAQ.

Evercore is acting as financial adviser to NortonLifeLock.

NortonLifeLock is a leading provider of consumer Cyber Safety solutions built around protecting and empowering people to live their digital lives safely. Founded in 1982 and headquartered in Tempe, Arizona, NortonLifeLock serves over 80 million users in more than 150 countries, including 23 million direct customers.

Avast is a leading global cybersecurity provider that is dedicated to keeping people safe and private online and is a member of the FTSE 100 index.

The Ashurst team was led by partners Tom Mercer (Picture), Tim Rennie and Harry Thimont, assisted by senior associates Jake Hadfield and Sebastian Brignell.

The Macfarlanes team was led by corporate and M&A partners Harry Coghill and Tom Rose. The team also includes corporate and M&A senior counsels Mark Slade and Tim Redman, and solicitors Emma Bailey and Natasha Sellayah. Share schemes advice is being provided by partner Robert Collard, senior counsel Rasmus Berglund and senior solicitor Saba Palizi, with tax advice from partner Jeremy Moncrieff and senior solicitor Laura Foley. Additional support has been provided by lawyers across the firm, including in respect of employment, pensions, litigation and real estate aspects of the transaction.

The Kirkland team was led by corporate partners Edward Lee, Carlo Zenkner and Daniel Wolf and associates Michael Chung, Tobias Schad and Julia Knafo, debt finance partners Melissa Hutson, Kirsteen Nicol, Thomas Dobleman, Ambarish Dash, Daniel Amato and Mary Liz Brady and associates Lee Discher and Phanne Yang, capital markets partners Sophia Hudson and Jennifer Lee and associates Jenna Trejo, Melanie Corbett and Whitney Rosser, technology & IP transactions partners Seth Traxler, Emma Flett and Daniel Lewis, antitrust partners Andrea Murino, Paula Riedel, Jeffrey Ayer and Matthew Sinclair-Thomson, international trade & national security partners Ivan Schlager and Nathan Mitchell, tax partners Sara Zablotney and Sherry Xie, and executive compensation partner Scott Price.

The White & Case team which advised on the transaction was led by partners Dominic Ross, Lucy Bullock and Allan Taylor (all London), with support from partners Chang-Do Gong, Suni Sreepada, Justin Wagstaff (all New York), Jan Andrusko (Prague), Nicholas Greenacre, Marc Israel, Will Smith, Tim Hickman, Amanda Cowell, Jonah Anderson (all London), Mark Powell, Katarzyna Czapracka (both Brussels), Rebecca Farrington, Kathryn Mims (both Washington, DC) and Bryan Merryman (Houston), local partners Eva Svoboda, Jan Jakoubek (both Prague) and Alexandra Rogers (Brussels), and associates Lachlan Low, Sonica Tolani, Ben von Maur, Elena Ruggiu, Samirah Haujee, Shelley Barnett, Tiffanie Chan, Kate Russell, Peter North, Kate Kelliher, (all London), Iakovos Sarmas (Brussels) and Daniel Rosenthal (Washington, DC).

Involved fees earner: Sebastian Brignell – Ashurst; Jake Hadfield – Ashurst; Tom Mercer – Ashurst; Tim Rennie – Ashurst; Harry Thimont – Ashurst; Andrea Agathoklis Murino – Kirkland & Ellis; Daniel Amato – Kirkland & Ellis; Jeffrey Ayer – Kirkland & Ellis; Mary Liz Brady – Kirkland & Ellis; Michael Chung – Kirkland & Ellis; Melanie Corbett – Kirkland & Ellis; Ambarish Dash – Kirkland & Ellis; Lee Discher – Kirkland & Ellis; Thomas Dobleman – Kirkland & Ellis; Emma Flett – Kirkland & Ellis; Sophia Hudson – Kirkland & Ellis; Melissa Hutson – Kirkland & Ellis; Julia Knafo – Kirkland & Ellis; Edward Lee – Kirkland & Ellis; Jennifer Lee – Kirkland & Ellis; Daniel Lewis – Kirkland & Ellis; Nathan Mitchell – Kirkland & Ellis; Kirsteen Nicol – Kirkland & Ellis; Scott Price – Kirkland & Ellis; Paula Riedel – Kirkland & Ellis; Tobias Schad – Kirkland & Ellis; Ivan Schlager – Kirkland & Ellis; Matthew Sinclair-Thomson – Kirkland & Ellis; Seth Traxler – Kirkland & Ellis; Jenna Trejo – Kirkland & Ellis; Daniel Wolf – Kirkland & Ellis; Sherry Xie – Kirkland & Ellis; Phanne Yang – Kirkland & Ellis; Sara Zablotney – Kirkland & Ellis; Carlo Zenkner – Kirkland & Ellis; Emma Bailey – Macfarlanes LLP; Rasmus Berglund – Macfarlanes LLP; Harry Coghill – Macfarlanes LLP; Robert Collard – Macfarlanes LLP; Laura Foley – Macfarlanes LLP; Jeremy Moncrieff – Macfarlanes LLP; Saba Palizi – Macfarlanes LLP; Tim Redman – Macfarlanes LLP; Tom Rose – Macfarlanes LLP; Natasha Sellayah – Macfarlanes LLP; Mark Slade – Macfarlanes LLP; Jonah Anderson – White & Case; Jan Andruško – White & Case; Shelley Barnett – White & Case; Ben von Maur – White & Case; Lucy Bullock – White & Case; Tiffanie Chan – White & Case; Amanda Cowell – White & Case; Katarzyna Czapracka – White & Case; Rebecca Farrington – White & Case; Chang-Do Gong – White & Case; Nicholas Greenacre – White & Case; Samirah Haujee – White & Case; Tim Hickman – White & Case; Marc Israel – White & Case; Jan Jakoubek – White & Case; Kathryn Jordan Mims – White & Case; Kate Kelliher – White & Case; Lachlan Low – White & Case; Bryan Merryman – White & Case; Peter North – White & Case; Mark Powell – White & Case; Alexandra Rogers – White & Case; Daniel Rosenthal – White & Case; Dominic Ross – White & Case; Elena Ruggiu – White & Case; Kate Russell – White & Case; Iakovos Sarmas – White & Case; Will Smith – White & Case; Suni Sreepada – White & Case; Eva Svobodová – White & Case; Allan Taylor – White & Case; Sonica Tolani – White & Case; Justin Wagstaff – White & Case;

Law Firms: Ashurst; Kirkland & Ellis; Macfarlanes LLP; White & Case;

Clients: Avast Software; Evercore Inc.; NortonLifeLock;

Author: Giulia Di Palma