Blackstone Tactical Opportunities Closes $400 Million Investment in FireEye
December 11 2020 - 11:30AM
Dow Jones News
By Chris Wack
FireEye Inc. said Friday that the $400 million strategic
investment led by funds managed by Blackstone Tactical
Opportunities has closed.
Blackstone was joined by ClearSky, a cyber security-focused
investment firm, as a co-investor in the transaction.
FireEye said Viral Patel, a senior managing director of
Blackstone, and Art Coviello, former chief executive officer of RSA
Security, have been appointed to the FireEye board of
directors.
Blackstone and ClearSky purchased 400,000 shares of FireEye's
newly designated 4.5% series A convertible preferred stock, with a
purchase price of $1,000 a share, for $400 million. The series A
preferred stock will be convertible into shares of FireEye's common
stock at a conversion price of $17.25 per share, subject to certain
customary adjustments.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
December 11, 2020 11:15 ET (16:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Blackstone (NYSE:BX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Blackstone (NYSE:BX)
Historical Stock Chart
From Apr 2023 to Apr 2024
