Optiv Security plans new credit facility for buyout by KKR

By Sara Rosenberg

New York, Dec. 6 – Optiv Security Inc. expects to get a new credit facility led by Jefferies Finance LLC to help fund its acquisition by KKR, according to a market source.

The company is being bought from a group of private investors, including a private equity fund managed by Blackstone, which will maintain a minority interest in Optiv along with Optiv management. Other selling shareholders include Investcorp and Sverica.

Closing is expected in the first quarter of 2017, subject to customary conditions.

Optiv Security is a Denver-based provider of end-to-end cyber security solutions.

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