• Transaction marks Investcorp's fifth successful exit in last six months globally

  • Reinforces Investcorp's track record of building leading IT and cybersecurity companies

  • Fifth exit from Investcorp Technology Partners III

Bahrain, April 19, 2016

Investcorp, a global provider and manager of alternative investment products, today announces it has agreed the sale of CSIdentity ("CSID") to Experian (LSE: EXPN), a global information services company, for an enterprise value of $360 million. The transaction is subject to standard regulatory approvals.

Founded in 2006 and headquartered in Austin, Texas, CSID is a market leading provider of enterprise level identity theft protection technology solutions to businesses and government agencies. The Company's solutions, provided on the basis of a recurring software-as-a-service ("SaaS") business model, proactively detect credit and non-credit related identity theft, notify affected parties and help restore compromised identities.

Through its technology fund, Investcorp Technology Partners III, Investcorp initially invested in CSID in December 2009 and the fund is today the majority owner of the Company. Since Investcorp partnered with CSID, the Company has experienced rapid growth and has become a global leader in the identity protection market.

Mohammed Al-Shroogi, Co-CEO at Investcorp, said,

"Cybersecurity is a trend that has long been on Investcorp's radar and over the last decade we have established a market leading position in the sector, investing in six IT security companies. This successful exit, and the fact that the Company has attracted the interest of such a strong trade buyer, is further testament to our ability to create market leaders in the cybersecurity sector."

Fahad Murad, Managing Director at Investcorp for Bahrain, said,

"We are delighted with how CSIdentity has grown in the six years under our ownership. It is an excellent example of how Investcorp can provide operational and financial support to accelerate the development of a company."

This transaction marks the fifth exit for Investcorp Technology Partners III, following the sale of TDX Group to Equifax Inc; the partial exit of Fishnet through a merger with Accuvant; the ultimate full sale of Skrill Group to Optimal Payments (now renamed Paysafe Group plc); and the flotation of Sophos Group plc on the London Stock Exchange.

Jefferies LLC is serving as exclusive financial advisor to CSID and Winstead PC is serving as its legal advisor.

-Ends-

About Investcorp
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in London, Bahrain, New York, Saudi Arabia, Abu Dhabi and Doha. Investcorp has three business areas: corporate investment, real estate investment and global hedge funds. As at December 31, 2015, the Investcorp Group had $10.7 billion in total assets under management ('AUM'), including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM. Further information, including our most recent periodic financial statements, which details our assets under management, is available at www.investcorp.com.

Media Contacts:
Investcorp
Firas El Amine
+973 39987838
felamine@investcorp.com  

Brunswick Gulf
Zein Bushnaq
+971 44466270
Investcorp@Brunswickgroup.com

© Press Release 2016