Monday 24 October 2016

The private equity group EQT Mid Market Investment Strategy (STO: ONOT) has agreed to acquire a majority stake in Germany-based cybersecurity solutions provider Utimaco GmbH from Germany-based private equity firm Pinova Capital and Luxembourg-based holding company BIP Investment Partners and Management, the company said.
Pinova Capital and BIP Investment Partners will re-invest significant parts of their proceeds and remain minority investors. The acquisition is subject to regulatory approvals and the parties have agreed to not disclose the financial details of the transaction. EQT is a global private equity group with approximately EUR 30bn in raised capital. EQT Funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 15bn and approximately 100,000 employees.