Private equity firm KKR has announced it’s signed a definitive agreement to acquire Broadcom’s End-User Computing Division, or EUC Division, in a deal worth approximately $4 billion. The EUC Division, originally part of VMware prior to Broadcom’s acquisition, offers digital workspace solutions that enable organizations to securely manage applications, desktops and data across various devices and platforms.
In a statement, KKR said the EUC Division will focus on delivering digital workspace solutions to customers and partners worldwide. KKR plans to support the EUC Division’s growth by investing in the division’s flagship products, Horizon and Workspace ONE, used by enterprises for desktop and application virtualization as well as unified endpoint management. The existing management team, led by Shankar Iyer, will continue to run the standalone company.
KKR’s investment will primarily come from its North America Fund XIII. The transaction is expected to close in 2024, subject to regulatory approvals.
