Symphony Technology Group’s $1.2 Billion Acquisition of FireEye Products Business

Paul Hastings LLP advised Symphony Technology Group on the deal while Wilson Sonsini Goodrich & Rosati represented FireEye.

Symphony Technology Group, a private equity firm focused on market-leading data, software and analytics companies, announced a definitive agreement for the acquisition of the FireEye Products business for $1.2 billion.

The transaction is expected to close by the end of 2021, subject to customary regulatory approvals and closing conditions, and will separate FireEye’s products suite from Mandiant’s controls-agnostic software and services.

FireEye pioneered the advanced threat detection market with the introduction of its Multi-Vector Execution (MVX) engine for network security, and has continuously innovated to advance its detection and prevention technologies through machine-learning and advanced analytics while extending across network, email, endpoint, and cloud security products, and the related security management and orchestration platform. Today, FireEye’s intelligent, cloud-first XDR platform delivers unmatched detection, protection, and response for more than 50 percent of the Forbes Global 2000.

The Paul Hastings team was led by M&A partner Steve Camahort (Picture) and included associates Evan Griffith, Tiffany Jones, and Meera Patel.The team was assisted by partners Lucas Rachuba, Jane Song, Dan Stellenberg and Suzanne Horne, Lindsay Sparks, Charles Patrizia, Scott Flicker, Sherrese Smith, and Camille Paulhac; and of counsels Michael Wise, Jennifer Riddle, Jeffrey Ii, and Amy Lawrence.

The Wilson Sonsini team that advised FireEye on the transaction included: Melissa Hollatz, Broderick Henry, Tracy Sevush, Stephanie Chen, Adam Shevell, Rosalind Schonwald, Morgan Dudkewitz, Joshua Gruenspecht, Seth Cowell, Jamillia Ferris, Todd Hahn, Myra Sutanto Shen and Sriram Krishnamurthy.

Involved fees earner: Steve Camahort – Paul Hastings LLP; Scott Flicker – Paul Hastings LLP; Suzanne Horne – Paul Hastings LLP; Jeffrey Ii – Paul Hastings LLP; Tiffany Jones – Paul Hastings LLP; Amy Lawrence – Paul Hastings LLP; Meera Patel – Paul Hastings LLP; Charles Patrizia – Paul Hastings LLP; Camille Paulhac – Paul Hastings LLP; Lucas Rachuba – Paul Hastings LLP; Jennifer Riddle – Paul Hastings LLP; Sherrese Smith – Paul Hastings LLP; Jane Song – Paul Hastings LLP; Lindsay Sparks – Paul Hastings LLP; Dan Stellenberg – Paul Hastings LLP; Michael Wise – Paul Hastings LLP; Stephanie Chen – Wilson Sonsini Goodrich & Rosati; Seth Cowell – Wilson Sonsini Goodrich & Rosati; Jamillia Ferris – Wilson Sonsini Goodrich & Rosati; Joshua Gruenspecht – Wilson Sonsini Goodrich & Rosati; Todd Hahn – Wilson Sonsini Goodrich & Rosati; Broderick Henry – Wilson Sonsini Goodrich & Rosati; Melissa Hollatz – Wilson Sonsini Goodrich & Rosati; Sriram Krishnamurthy – Wilson Sonsini Goodrich & Rosati; Rosalind Schonwald – Wilson Sonsini Goodrich & Rosati; Tracy S. Sevush – Wilson Sonsini Goodrich & Rosati; Adam Shevell – Wilson Sonsini Goodrich & Rosati; Myra Sutanto Shen – Wilson Sonsini Goodrich & Rosati;

Law Firms: Paul Hastings LLP; Wilson Sonsini Goodrich & Rosati;

Clients: FireEye; Symphony Technology Group;

Author: Martina Bellini