London—Dentons has advised funds managed by KKR in connection with their agreement to acquire Broadcom Inc.’s End-User Computing Division, in a transaction valued at approximately US$4 billion. The transaction, which is subject to receipt of required regulatory approvals and satisfying other customary closing conditions, is expected to be completed in 2024. Dentons advised alongside lead transaction counsel Simpson Thacher & Bartlett.

End-User Computing Division (EUC) is the digital work platform leader, trusted by thousands of organizations worldwide as the former VMware EUC business. The EUC digital work platform unifies, automates, and efficiently scales the digital workspace. The intelligence-driven platform enables IT to deliver a secure and productive experience for all employees, across their devices, efficiently at scale.

Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital and a dedicated strategic focus on empowering customers and partners worldwide with innovative digital workspace solutions.

The Dentons cross-border team advising on the transaction was led from the UK by Corporate partners Stephen Levy and Joseph Altendorff, with support from Corporate associates Ben Havard and Vincent Leung; Employment partners Sarah Beeby and Eleanor Hart; Pascal Chadenet and Julie Caussade, who advised from France; and Eugenie Nunes and Johanne Boelhouwer, who advised from the Netherlands.

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