Bahrain-based Investcorp on Wednesday announced that it has agreed to the sale of SecureLink Group, one of the largest dedicated cybersecurity infrastructure and managed services providers in Europe.
The sale will be made to global telecoms group Orange for an enterprise value of €515 million ($576 million), Investcorp said in a statement.
Investcorp first acquired SecureLink in December 2015 with a view to consolidating the highly attractive but fragmented European cybersecurity market.
Over the last three years, SecureLink has experienced strong organic growth, added providers in Scandinavia, the UK and Germany to its platform and expanded in China.
Hazem Ben Gacem, co-CEO of Investcorp said: “The cybersecurity industry has seen great demand over the past few years, driven by an increasingly digital world. Investcorp has been building a strong track record in that industry through investments in a number of scalable and profitable businesses across Europe and the US, and SecureLink is a great example of such an investment.
"Since the start of our partnership, the business has more than tripled its revenue and expanded its presence into seven European countries and China. SecureLink stills holds a promising future and we wish them the best of luck.”
Thomas Fetten, CEO, SecureLink, added: “Recognising our clients’ needs for more advanced cybersecurity solutions and services across a landscape of rapidly evolving business threats we had a strong partner with Investcorp in identifying a number of strategic acquisitions to significantly enhance our products and services offering across a broader range of geographies... We look forward to the opportunities to drive continued value for our clients with our new shareholder.”For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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