Blackstone Grabs Majority Of Anti-Cyberattack Specialist

Law360, New York (March 11, 2014, 2:40 PM EDT) -- Blackstone Group LP is buying a majority stake in information security company Accuvant Inc. from Sverica International LLC, the companies announced Tuesday.

The investment is the latest technology buy for the New York-based private equity giant, which has made a string of investments in various security companies over the past year. Terms of the deal were not announced, although The Wall Street Journal and other media reports citing sources close to the matter said Blackstone will pay $150 million for an 80 percent share of the...
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