Cybersecurity software company completes MBO

Sat, 22 Dec 2018 | MBO/MBI



London-based cybersecurity software company SentryBay has completed a management buyout deal.

Overseen by ICON Corporate Finance, a debt facility of £7 million was provided by ThinCats alongside ESF Capital. An unnamed US technology corporation also contributed some funding.

SentryBay's chief executive, Dave Waterson, said: "ICON were a great help in raising the finance and supporting the MBO. SentryBay is now poised to capitalise on the market opportunity and achieve its growth ambitions.

"SentryBay is in a unique position to enable the secure use of BYOD devices and assist enterprises to meet their compliance requirements, while creating innovative solutions that meet emerging threats."

The software firm develops technology for PC, mobile, the cloud and IoT with a focus on key aspects of security threats like point of entry, during transmission and exposure to new phishing and malware attacks.

Eddie Harding, partner at ICON who led the deal, said: "I’m delighted that we have enabled management to complete this relatively complex recapitalisation transaction. Cybersecurity is a very hot sector and the market is going through a period of rapid growth as companies struggle to contain persistent cyber-attacks and data breaches.

"This deal will allow the executive team to focus on investing in the growth of the business to create a global leader in endpoint protection software."

ICON Corporate Finance assists tech owners in raising capital for business ventures and also facilitates sale of tech businesses to get the best value possible. Aside from MBOs, ICON also specialises in exit reviews, acquisitions and corporate finance strategy.

For more news about management buyouts (MBO), click here. For all our business listings, click here.


Share this article



Latest Businesses for Sale

IT Telecoms Business
Lincolnshire, Yorkshire and the Humber, UK

Profitable and 10-year established telecoms and technology services company based in Lincolnshire complete with Freehold premises. With a large proportion of turnover coming from ongoing and retained client business, the company has a fantastic reput...

Asking Price: £950,000
Turnover: £500,000

LEASEHOLD


Video Content Management Solutions Provider
UK Wide

Provider of complete video content management software solutions for the creation, delivery, and monitoring of both live and on-demand media content. With expertise in streaming software, the company’s offering simplifies the integration of streaming...

Asking Price: Offers Invited
Turnover: £615,000

Web Technology Agency
Yorkshire and the Humber, UK

Specialists in the design, build, development & management of large websites, web platforms & Content Management Systems using Microsoft .NET technology, particularly Kentico & Umbraco. Existing Kentico partners. Large digital consultancies. Website...

Asking Price: Offers Invited
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
02
 
Apr
 

Next puts headquarters and three warehouses up for sale | COMMERCIAL PROPERTY

Fashion retailer Next has put its head office and three ware...

 
01
 
Apr
 

Sheffield-based cafe chain falls into administration | ADMINISTRATION

Sheffield-based cafe chain Massarella Gelaterie Ltd has been...

 
31
 
Mar
 

Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS

The UK government has launched the Coronavirus Business Inte...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
16
 
Jul
 

Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE

A supply chain management company operating in the aviation ...

 
10
 
Jul
 

Rubicon Partners snaps up manufacturing giants as its 74th acquisition deal | BUSINESS SALE

Park Sheet Metal Company (PSM) has been taken over by invest...

 
06
 
Mar
 

Luxury cashmere business completes MBO | MBO/MBI

Heritage Cashmere, a West Yorkshire supplier of high-end cas...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources