Fenwick Represents Symantec in its $4.65 Billion Acquisition of Blue Coat

Fenwick & West represented Symantec Corporation (NASDAQ: SYMC) in its acquisition of Blue Coat Systems Inc., a market leader in security and networking solutions, for $4.65 billion and related convertible debt and syndicated bank financing transactions. In connection with the transaction, Silver Lake has agreed to invest an additional $500 million in 2.0% convertible notes due 2021 of Symantec, doubling its investment in Symantec to $1 billion. In addition, Bain Capital has agreed to make an investment of $750 million in the convertible notes. Symantec intends to finance the transaction with cash on the balance sheet and $2.8 billion of new debt.

With the acquisition of Blue Coat, Symantec will enhance its leadership position to define the future of cybersecurity and set the pace for innovation industrywide.

The Fenwick transaction team included corporate lawyers Doug Cogen, David Michaels, Scott Joachim, Bomi Lee, Michael Duignan, Kate Dodson, Victoria Wong, Willow Yang and Alexandra Wood; executive compensation and employee benefits lawyers Scott Spector, Patrick Grilli and Alex Galev; intellectual property lawyers Stuart Meyer, Stephen Gillespie, David Hayes, Charlene Morrow, Darren Donnelly, Chris Joslyn, Ana Razmazma, Ben Ryan and Michael Riskin; tax lawyers Will Skinner and David de Ruig; and antitrust lawyer Mark Ostrau.


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