Bahrain – Investcorp, a leading global provider and manager of alternative investment products, today announced that it has agreed to the sale of SecureLink Group ("SecureLink" or the "Company"), one of the largest dedicated cybersecurity infrastructure and managed services providers in Europe, to global telecoms group Orange for an enterprise value of €515 million.
Investcorp first acquired SecureLink, a leading player in the Benelux region, 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 leading providers in Scandinavia, the UK and Germany to its platform and expanded in China. Investcorp, in partnership with management and founders of the Company, has successfully executed a targeted buy-and-build strategy and transformed SecureLink from a regional leader to a leading pan-European provider of cybersecurity services.
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, Chief Executive Officer, SecureLink, added: “Recognizing 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. The successful combination of SecureLink and Investcorp’s resource and expertise has created a European market leader which today, safely enables the business of our valued customer base. We have enjoyed our partnership with Investcorp during which time we have been able to realize considerable growth. We look forward to the opportunities to drive continued value for our clients with our new shareholder.”
The Company has been advised in this transaction by Jefferies (corporate finance), KPMG (tax), Stibbe (legal) and Travelers (insurance).
Investcorp is a leading global manager of alternative investments. Led by a new vision, Investcorp has embarked on an ambitious, albeit prudent, growth strategy. The Firm continues to focus on generating value through a disciplined investment approach in four lines of business: private equity, real estate, absolute return investments and credit management.
As at December 31, 2018, the Investcorp Group had US$ 22.5 billion in total 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.
Since its inception in 1982, Investcorp has made over 185 Private Equity deals in the U.S., Europe, the Middle East and North Africa region and Asia, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 600 commercial and residential real estate investments in the US and Europe, for in excess of US $59 billion in transaction value.
Investcorp employs approximately 400 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, Mumbai and Singapore. For further information, including our most recent periodic financial statements, which details our assets under management, please visit:
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© Press Release 2019