The Anatomy of Public Corruption

Showing posts with label Consulting Firms. Show all posts
Showing posts with label Consulting Firms. Show all posts

Links: David Milne / Patterson, Teele and Dennis

Connecting the JFK Assassination, George Bush, Marvin Pierce, CIA Director Porter Goss, Riley Bechtel, General Petraeus, Gavin Newsom, Barrack Obama, Iraqi Freedom, 

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Former Symantec Programmer Speaks About Cyberterrorism

Connecting Success Factors to Bennett to other deals

The folks at TPG will have to answer to my Whistleblower Complaints on the truly odd collection of RFPs emanating from companies connected to Richard Blum, William McGlashan, CBRE, Regency Centers, Trammell Crow, Lennar, Catellus and more. .
My story is about witness murders, private equity, mergers and acquisitions linked back to the Matter of Bennett v. Southern Pacific lost in 1989. It was a winnable case as long the witnesses testified.

In 2013 my letter to Fremont Group in San Francisco triggered of You by Accenture CEO Pierre Nanterme. 
I watched his post regarding his cancer sadly in 2019 he was gone.
Several months later they arrested the CEO of tpg growth, who has a relationship the success factors and tpg Newbridge Richard Blum, and tpg purchased Prepaid Legal renamed it as LegalShield are the same people that walked away from my legal case involving the Russians in 2001 something about 9/11.

Intel and TPG in talks to sell McAfee to Thoma Bravo for significantly more than $4.2 billion

  • Private equity firm Thoma Bravo is in early talks to acquire all of McAfee from TPG and Intel, sources say.
  • TPG acquired a majority stake in McAfee in 2017 in a deal that valued the cybersecurity company at $4.2 billion.
  • Thoma Bravo would pay a “significant” premium to $4.2 billion if a deal occurs, sources say.
  • Thoma Bravo isn’t likely to pursue a deal for Symantec if it acquires McAfee, sources say.

Private equity firm Thoma Bravo is in early discussions to acquire security software company McAfee from TPG and Intel for a significant premium over the company’s 2016 $4.2 billion valuation, according to people familiar with the matter.

Talks may still fall apart and a deal announcement isn’t expected soon, said the people, who asked not to be named because the discussions are private.

McAfee, founded by John McAfee in 1987, historically developed cybersecurity software for personal computers and servers, protecting users from malware and other viruses. This type of computer security prevented attacks on personal devices. More recently, it has expanded into mobile devices and cloud computing, which is where hackers have migrated.

The company was publicly traded until 2010, when Intel bought it for $7.6 billion. The chipmaker hoped to closely align its chips with McAfee’s security technology. That vision didn’t pan out for Intel, which took a haircut of more than $3 billion when it sold 51 percent of the business to TPG in a deal announced in 2016 at a valuation of $4.2 billion. Several months later, TPG brought on Thoma Bravo to make a minority investment.

TPG’s majority ownership has helped transform the McAfee business in less than two years with add-on acquisitions. In January, McAfee closed its takeover of Skyhigh Networks, which helps companies monitor which cloud services employees are using. In March, McAfee also acquired Tunnelbear, which provides virtual private networks that protect data when using shared WiFi accounts.

Intel sees itself as purely a financial investor in McAfee now, according to one of the people. Still, Intel has participated in the recent value creation of the standalone McAfee by holding its minority stake and stands in line to recoup some of the lost value if the Thoma Bravo deal goes though. A deal would unify the ownership of McAfee and could put it in position to go public again, two of the people said.

Reuters reported in November that Thoma Bravo had approached Symantec with a takeover offer. A deal for McAfee would rule out a Symantec purchase, one of the people said.

Spokespeople for TPG and Intel declined to comment. A spokesman for Thoma Bravo did not immediately respond.

--CNBC’s Jon Fortt contributed to this report.

Correction: When Intel sold its partial stake in McAfee to TPG in 2016, McAfee’s total valuation in that transaction was $4.2 billion.

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