Accenture’s Acquisition of Symantec’s Cyber Security Services Business

Kirkland & Ellis LLP advised Accenture (NYSE: ACN) on its acquisition of Symantec’s Cyber Security Services business from Broadcom, Inc. (NASDAQ: AVGO).

The acquisition will make Accenture Security one of the leading providers of managed security services, further enhancing its ability to help companies rapidly anticipate, detect and respond to cyber threats.

Financial terms were not disclosed. Completion of the acquisition is subject to customary closing conditions and is expected to close in March 2020.

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations.

Symantec’s Enterprise Security business, now a division of Broadcom, is headquartered in Mountain View, California and its Cyber Security Services business includes more than 300 employees around the world who serve top-tier organizations across a diverse range of industries, including financial services, utilities, health, government, communications, media, technology and retail.

The Kirkland team was led by transactional partners Sarkis Jebejian (Picture) and Carlo Zenkner and associate Gisella de la Rocha; tax partner Sara Zablotney and associate Meg Dewar; technology & IP transactions partners Seth Traxler, Aaron Lorber and Adam Petravicius and associate Todd Herst; and employee benefits partner Melissa Grim.

Involved fees earner: Gisella de la Rocha – Kirkland & Ellis; Margaret Dewar – Kirkland & Ellis; Melissa Grim – Kirkland & Ellis; Todd Herst – Kirkland & Ellis; Sarkis Jebejian – Kirkland & Ellis; Aaron Lorber – Kirkland & Ellis; Adam Petravicius – Kirkland & Ellis; Seth Traxler – Kirkland & Ellis; Sara Zablotney – Kirkland & Ellis; Carlo Zenkner – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Accenture;