SGT Capital has acquires Utimaco, a growing global market specialist in cyber security solutions, co-headquartered in Aachen and Campbell, California, with more than 470 employees and expected three-digit million revenues.
The acquisition is subject to different regulatory approvals. Its closing is expected for Q4 2021. The seller is EQT Private Equity, who will continue to participate in the value performance as a minority owner. The parties have agreed not to disclose the transaction value. Debt will be provided by Bain Capital Credit.
The 100 per cent subsidiary of SGT German Private Equity in Frankfurt (SGF), SGT Capital Pte Ltd (SGTPTE), a licensed private equity asset manager headquartered in Singapore, will manage this investment.
Investors are its issued SGT Capital II Fund and individual co-investors. The equity invested in this holding and managed by SGTPTE will be a three-digit million amount. SGTPTE will execute the so-called first close of its PE fund in course of this transaction.
