Global law firm Ashurst has advised Pango Group, a holding company that acquires and operates a portfolio of cybersecurity brands, on its merger with Total Security, provider of award-winning antivirus protection Total AV.
The combined company will rebrand itself as Point Wild, a holding company operating a portfolio of cybersecurity solutions for consumers and enterprises of all sizes.
Following the merger, Point Wild will generate approximately US$600 million in annual revenue and, with TTM EBITDA of US$150 million, growing by more than 20 percent annually. Point Wild has an enterprise value of US$1.7 billion.
The combined company will operate three go-to-market channels, direct-to-consumer, partner and enterprise. The diverse go-to-market approach ensures flexibility in meeting customer needs while maximizing reach and scalability.
The Ashurst team was led by partners James Fletcher and Tom Mercer, supported by senior associate Nick Lever, and associates Elnaz Cadogan, Emilia Howard and Marisa Muramatsu. Partners Patricia Allen and Nicholas Gardner advised on tax matters, and partner Steven Vaz and counsel Christopher Eberhardt advised on competition and FDI aspects. Partners Rhiannon Webster and David Futter advised on privacy and commercial matters.
