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Announced

Completed

A consortium led by Smartfin completed the acquisition of Hex-Rays.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Completed

Majority

Acquisition

digital security products

Private Equity

Belgium

Cross Border

Private

Software

Synopsis

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A consortium led by Smartfin, a venture capital and private equity investor, completed the acquisition of Hex-Rays, a cybersecurity company, with participation from SFPIM and SRIW. Financial terms were not disclosed. “Smartfin is excited to leverage its prior experience by actively contributing to the further growth and international expansion of Hex-Rays, together with Ilfak, SFPIM and SRIW. Hex-Rays has built a unique market-leading technology in a highly successful manner and is well positioned to further build on that strong basis, in order to capture the ample growth opportunities that the core software reverse engineering and adjacent markets will undoubtedly offer over the next few years.” Bart Luyten, Smartfin Founding Partner.

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