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

Telecoms Company
South of England, UK Wide

Offers business mobiles, VoIP, business broadband, conference calling and Vodafone One Net. Serves clients in a variety of sectors, including marketing, retail, healthcare, manufacturing, sport and entertainment, construction and financial services....

Asking Price: Offers Invited
Turnover: £616,000

LEASEHOLD


Information Technology & Audio Visual Integrator Delivering Managed IT Services
Scotland, UK

Information Technology (IT) & Audio Visual (AV) integrator, specialising in delivering a range of managed IT services. Offers invited.

Asking Price: Offers Invited
Turnover: £1,850,000

Printed Electronics Equipment Developer & Manufacturer
London, South East, UK

The company is on the leading edge of printed electronics development and manufacturing. Printed electronics is next generation technology for the continuous process manufacturer of electronic devices. Offers invited.

Asking Price: £5,000,000
Turnover: £3,500,000


View more businesses for sale

News Search

Latest News

 
18
 
Mar
 

Buyer sought for Leeds pub group | ADMINISTRATION

Administrators for pub group headquartered in Leeds are on t...

 
17
 
Mar
 

Tavistock places two North East pubs for sale | BUSINESS SALE

The Lambton Worm and The New Plough pubs in County Durham ha...

 
16
 
Mar
 

Construction mogul Dawnus braces itself for administration | ADMINISTRATION

Dawnus Construction, the property development giant based in...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
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