KKR prevailed in the auction for the end-user computing (EUC) unit over other private equity firms, including EQT , the sources said. Broadcom said in December it would seek to divest its end-user computing unit. It is separately attempting to shed VMware s security software business Carbon Black.
Broadcom is nearing a $3.8 billion deal to sell its business to private equity firm KKR, streamlining its portfolio after acquiring VMware. KKR won the auction, outbidding other firms. Broadcom is also divesting VMware s security software business, while KKR has a track record in the sector.