Phoenix Equity Partners, a private equity investment firm that strives to invest in businesses that provide business services, completed the acquisition of a 38.05% stake in Logiq Consulting, a provider of a comprehensive variety of cyber security, information assurance, and system engineering services. Financial terms were not disclosed. “The growth we have achieved to date has surpassed the expectations we had when we founded the business five years ago. We are fortunate to have a fantastic team, who provide unparalleled service to our customers and who help to protect the UK’s national security. We are delighted to welcome Phoenix as our new partners, and we look forward to benefitting from their expertise as we focus on our goal of making Logiq the UK’s leading cyber security provider to the public sector,” James Morgan, Logiq CEO.