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.
Serving independent schools and colleges across Southern England, the company utilises best of breed technologies to deliver optimised IT solutions and infrastructure, in addition to cyber security and managed support services. With all systems suppo...
Developer of compliance solutions for clients operating in the NHS & private care sector. Unique software is sector-agnostic & covers all aspects of quality assurance, allowing organisations in any sector to demonstrate effectiveness & management to...
Provider of IT technology solutions, specialising in cyber security, IT network infrastructure, telecommunications, electronic security, data loss prevention and GDPR compliance. Established client base which includes the UK Government, police forces...
FREEHOLD
|
21
|
|
Nov
|
Buyer sought as North East contractor enters administration | ADMINISTRATION
A buyer is being sought for Pro-Fix Installations after the ...
|
20
|
|
Nov
|
Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION
An unfinished waste-to-gas facility in Swindon has secured &...
|
19
|
|
Nov
|
UK government set to approve Cobham takeover | BUSINESS SALE
The British government is poised to approve the $5 billion t...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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...
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