Investment firms Blackstone Group and ClearSky have jointly completed the purchase of 400K shares in Milpitas, California-based cybersecurity firm FireEye (Nasdaq: FEYE) for $1K a share.
Blackstone's tactical opportunities business led the $400M strategic investment deal, which was first announced Nov. 19 and covered Series A convertible preferred stock, FireEye said Friday.
Series A preferred shares can be converted into common stock at $17.25 per share as part of the agreement.
Art Coviello – a ClearSky senior adviser and former CEO of RSA Security – will serve on FireEye's board of directors along with Viral Patel, a Blackstone senior managing director.
Kevin Mandia, CEO of FireEye, said both Coviello and Patel will offer their perspectives on strategy and execution matters as the company looks to pursue transformation and growth initiatives.
