UM assists Panda with its acquisition by WatchGuard

Uría Menéndez has assisted Spanish company Panda Security with its purchase by Seattle-based WatchGuard Technologies

On this integration, Prakash Panjwani, CEO of WatchGuard, hightlighted “by bringing the companies together, we enable our current and future customers and partners to consolidate their essential security services under one brand, backed by the innovation and quality that is a fundamental part of the DNA of both organizations.”.

Jefferies International acted as exclusive financial advisor and Uría Menéndez as legal advisor to Panda Security.

Uría Menéndez´s team was formed by head of Corporate partner Carlos de Cárdenas Smith (pictured left), IP partner Ingrid Pi (pictured right), Corporate international counsel Alex Bircham, IP senior associate Fernando Azcona and Corporate junior associate José Miguel Egea.

The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be closed in the second quarter of 2020.