DUBAI Dec 20 Investcorp Bank has
agreed to sell its stake in cybersecurity company Optiv Security
Inc to private equity firm KKR & Co, the Bahrain-based
private equity investor said in a bourse statement Tuesday.
KKR & Co said on Dec. 6 it would acquire Denver,
Colorado-based Optiv from majority owner Blackstone Group LP
, Investcorp and Sverica and other investors.
Financial terms of the transaction were not disclosed.
Investcorp said Optiv management and Blackstone would
continue to hold a minority interest in the company.
Optiv was created in 2015 from the merger of cybersecurity
companies FishNet Security and Accuvant, in which Blackstone
made a majority investment in 2014.
Optiv filed for an IPO last month, with a nominal
fundraising target of $100 million.
(Reporting by Alexander Cornwell; Editing by Gopakumar Warrier)