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Writer's pictureBy The Financial District
Feb 271 min read

Broadcom In Advanced Talks To Sell Remote Access Unit For $3.8 Billion To KKR

Chipmaker Broadcom is on the brink of finalizing a $3.8 billion deal to offload its remote access unit that enables users to access desktops and applications from any device to private equity firm KKR, according to sources familiar with the matter, Milana Vinn reported for Reuters.


Broadcom announced in December its intention to divest its end-user computing unit, concurrently seeking to offload VMware's security software business, Carbon Black. I Photo: Pemari



The potential sale is part of Broadcom CEO Hock Tan's strategy to streamline the company's portfolio following its $69 billion acquisition of software maker VMware in November. KKR emerged victorious in the auction for Broadcom's end-user computing (EUC) unit, outbidding other private equity firms, including EQT.


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The sources, who requested anonymity due to the confidential nature of the matter, indicated that the deal could be officially announced as early as Monday.


Broadcom announced in December its intention to divest its end-user computing unit, concurrently seeking to offload VMware's security software business, Carbon Black. KKR's involvement in the deal aligns with its history of successful transactions in the sector.


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In 2018, KKR acquired US business software company BMC for $8.5 billion, subsequently merging it with Compuware, another company acquired from buyout firm Thoma Bravo two years later.




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