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.
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....
LEASEHOLD
Information Technology (IT) & Audio Visual (AV) integrator, specialising in delivering a range of managed IT services. Offers invited.
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.
|
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...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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