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New Deal


Announced

Triton Partners to acquire Swiss IT Security Group from Ufenau Capital Partners.

Financials

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Transaction Value£387m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Friendly

cybersecurity

Private Equity

Pending

Software

Cross Border

software development

Single Bidder

Majority

Switzerland

Synopsis

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Triton Partners, an international investment firm, agreed to acquire Swiss IT Security Group, a cyber security services provider in the DACH and Benelux regions, from Ufenau Capital Partners, a privately owned investment company. Financial terms were not disclosed. "The digitalization of our life is progressing and has further accelerated during the Covid-19 pandemic. The growing digital footprint requires adequate cyber security. At Swiss IT Security, we are committed to protect our customers from cyber security threats and are eager to continue our growth and further expand our footprint. As such, we are very pleased to join the Triton ecosystem, which we view as an enabler to strengthen our service offering and support towards our customers. The wider management team and I are very much looking forward to the partnership," Philipp Stebler, Swiss IT Security Group CEO.

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