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.
Turnover of £1.7m with an adjusted EBITDA of £475k. Offers mobile and fixed communication services, as well as a comprehensive managed service portfolio to clients across Southern England.
LEASEHOLD
Develops and supplies innovative HDR photo editing software to amateur and professional photographers. Products are offered as digital downloads, including desktop applications and apps, as well as a physical package with a CD and printed manual. The...
RELOCATABLE
Innovative developer of business software solutions created to solve problems not addressed by other suppliers. Operating a twin sales model the company provides a stand-alone CRM-based system and a newly developed app for Salesforce.com.
|
23
|
|
Sep
|
Cartwright Group enters administration, but fleet and rental arms are sold | ADMINISTRATION
Commercial trailer manufacturer and rentals firm Cartwright ...
|
22
|
|
Sep
|
Macbryde Homes bought by managing director and finance partner | MBO/MBI
Welsh home construction firm Macbryde Homes has been sold to...
|
21
|
|
Sep
|
Aldo UK acquired out of administration by investment firm | BUSINESS SALE
The UK arm of shoe retailer Aldo has been acquired by Birmin...
Sign up to receive our acquisition alert emails to get your FREE guide
|
08
|
|
Jul
|
Joe.co.uk owner acquired out of administration | BUSINESS SALE
Joe Media Limited, the UK parent company of JOE.co.uk, a pop...
|
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...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources