In March 2014, CVC Fund V acquired a major stake in Avast from the Founders of the business and Summit Partners which valued the company at US$1 billion. The transaction was sourced and led on a fully proprietary basis by CVC.
Avast is the leading consumer security software company, protecting over 200 million users around the world from viruses, spam and other security and privacy threats on their mobile devices, PCs and Macs as well as to improve performance. Based in the Czech Republic, it has industry-leading margins through unique technology and a highly efficient, low cost infrastructure and has grown sales, earnings and cash flow rapidly by promoting a global sales model of providing highly-rated software free to users whilst adding extra functionality if they pay a basic annual subscription (a "Freemium" business model). In addition, it generates revenue from the distribution of complementary software from partners to its user base.
AVAST is the undisputed global leader in consumer PC antivirus and a pacesetter in mobile security - but we're not yet number one in every market. CVC gives us the resources to become the number one PC security provider in the US and Asia, and the clear market leader in mobile security.