2 Min Read
Blackstone will maintain a minority interest in Optiv, which in November had filed with U.S. regulators for an initial public offering.
Optiv said its management would also continue to hold a minority stake in the company and said that other selling shareholders included Investcorp and Sverica.
Financial terms of the deal were not disclosed.
Denver, Colorado-based 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.
KKR and Optiv did not say what impact, if any, their deal would have on the IPO plans.
Goldman Sachs & Co and Morgan Stanley & Co LLC are Optiv's financial advisers, while Jefferies LLC is advising KKR.
Reporting by Nikhil Subba in Bengaluru; Editing by Savio D'Souza