FireEye, Inc. acquired Mandiant Corporation from Kleiner Perkins Caufield & Byers and One Equity Partners LLC for approximately $1.01 billion.
The transaction is subject to conversion of preferred stock, execution of employment and non-competition agreement. This deal was approved by the shareholders of Mandiant Corporation and the Boards of Directors of FireEye, Inc. and Mandiant Corporation. The transaction will be accretive to FireEye. The combination is expected to improve non-GAAP operating margins and cash flows as a percentage of revenue.
Aaron Alter, Jon Avina, Mike Ringler and Melissa Hollatz of Wilson Sonsini Goodrich & Rosati acted as legal advisors to FireEye. Michael Lincoln, Jamie Leigh, Ben Beerle, Robin Bennett, Jonathan Duckles, Derek Colla and Robert Lynn of Cooley LLP acted as legal advisors to Mandiant. Mike Wyatt, Dave Chen and Owen O'Keeffe of Morgan Stanley & Co. LLC acted as financial advisor to FireEye. U.S. Bank, National Association acted as exchange agent for the transaction. George Boutros of Qatalyst acted as broker for Mandiant. Davis Polk & Wardwell acted as financial advisor to Morgan Stanley & Co. LLC.
FireEye, Inc. (NasdaqGS:FEYE) completed the acquisition of Mandiant Corporation from Kleiner Perkins Caufield & Byers and One Equity Partners LLC on December 30, 2013.