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May 01, 2007
Buyout At Spanish Anti-Virus Firm Panda
Bilbao, Spain-based Panda announced that it has taken a private equity investment of an undisclosed amount. The deal sees the founder of the 17 year old anti-virus software company selling about 75 percent of the company to two Spanish private equity firms.
Speculation among private equity industry insiders in their blogs suggest a valuation was about €133M, meaning that the software company which does about €100M in annual sales went cheap.
We like the Global Threatwatch tickers on Panda's homepage.
Read - Panda Software Fire Sale (european capital blog)
Read - Panda Bought Out (technophile blog)
Posted on May 1, 2007 05:06 AM | Posted to News And Updates | Permalink
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