Investcorp has acquired Netherlands and Belgium-based cybersecurity service provider SecureLink for an undisclosed amount.
It follows five acquisitions already made by the firm this year, including in sports equipment manufacturer POC, ceramic product manufacturer Fritta and telematics solution provider Arvento, in Europe, Gulf-based industrial testing company NDT, and private education providers Nobel Learning Communities located in the US.
As part of the transaction, SecureLink's management and initial founders will reinvest and hold a minority position in the company that offers integrated security solutions to corporates and institutions in the upper mid-market.
Investcorp is one of latest firms to invest in cyber security. Washington DC-based Paladin Capital Group, which already invests in the sector in the US, launched a dedicated cyber fund for Europe in mid-November. The firm forecast the sector to grow substantially in coming years “driven by high spending by governments and the private sector on ‘technologies of need’ to protect proprietary information and critical infrastructure.”
The fund will invest in early stage technology across the US and Europe that “enables, monitors and defends critical infrastructure, dependent on digital adoption and cyberspace,” it said.
Investcorp, which has three core business areas: corporate, real estate and hedge funds, operates in North America, Europe, the Gulf and Middle East and North Africa.
The firm currently has over $10 billion of assets under management and has typically acquired a controlling or substantial minority interests in companies with €15–€40 million of EBITDA, requiring equity investments of €75–€150 million.
As a part of its pan-European expansion, Investcorp is also intending to add further acquisitions to its portfolio, according to a statement from the firm.