Symphony Technology-Backed Magenta Taps Evercore for Advice (1)

Symphony Technology Group-backed Magenta Buyer LLC is getting debt advice from Evercore Partners, according to people with knowledge of the situation.

• A group of lenders holding a majority of the company’s existing first-lien loan is getting legal advice from Akin Gump Strauss Hauer & Feld, said the people, who asked not to be identified discussing a private matter
• Magenta was formerly known as McAfee Enterprise, and now operates under two segments known as Trellix and Skyhigh Security
  • Fitch Ratings cut the company’s credit rating to CCC from B- in January, citing factors including “reduced liquidity” and “ongoing ...