General Atlantic has acquired a 20% stake in Russian antivirus software maker, Kaspersky Lab, for $200 million, Financial Times reports. The deal, which will make the U.S. private equity group Kaspersky’s second largest single shareholder, values the company at about $1 billion.
General Atlantic managing director, John Bernstein, will join Kaspersky’s board and the company will remain majority-owned by its co-founders, Eugene Kaspersky and Natalya Kaspersky. The Russian company, which now aims to expand by acquiring smaller Internet security companies, was expected to seek an initial public offering in three to five years.
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