SGT Capital has announce that EQT Mid Market Europe Fund (“EQT Private Equity”) has completed the sale of Utimaco Verwaltungs GmbH to SGT Capital, a global alternative asset manager with offices in Germany and Singapore.
Utimaco, headquartered in Aachen and Campbell, CA , USA, is the leading platform provider of trustworthy cybersecurity and compliance solutions and services. The company offers hardware security modules on-site and in the cloud, as well as key management solutions and data intelligence solutions for regulated critical infrastructures.
Utimaco employs more than 470 people worldwide and, with its focus on protecting data , identities and critical infrastructures against cyber crime, makes a decisive contribution to making the world and society a safer place.
Joseph Pacini , Co-Managing Partner of SGT Capital, said: “Utimaco is the clear market leader in global cybersecurity and data intelligence solutions and has implemented an impressive innovation, growth and M&A strategy. We look forward to further cooperation with Stefan Auerbach and the entire Utimaco team as well as with EQT Private Equity and Bain Capital Credit. ”
Florian Funk , partner in the advisory team at EQT Private Equity, said: “Utimaco plays a crucial role in the fight against cyber crime and makes the world a safer place. We would like to thank all employees for this exciting path – we are convinced that Utimaco will continue on its successful path with the new majority owner and we look forward to staying invested as a minority owner. ”
Tom Maughan , Head of Private Credit in Europe at Bain Capital Credit, said, “We have been very impressed with Utimaco’s performance over the past few years. Bain Capital is excited to support SGT Capital with their investment and to continue to work with this talented management team led by Stefan Auerbach . ”
Stefan Auerbach , CEO of Utimaco , said: “Over the past few years we have built a leading global platform for trusted cybersecurity solutions that provides the largest companies and governments in the world with the highest levels of security and compliance. We look forward to the next phase of growth together with SGT Capital. ”
Carsten Geyer , Co-Managing Partner of SGT Capital, said: “Utimaco fits clearly into SGT Capital’s business model, which is geared towards investing in market-leading companies with excellent executives and significant future global growth potential – especially in high-growth regions such as Asia. We look forward to opening the doors to success together with the Utimaco team, EQT Private Equity and Bain Capital Credit. ”
The transaction is subject to regulatory requirements and approvals and is expected to close in the fourth quarter of 2021. The parties have agreed not to disclose the value of the transaction.
