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HIG Europe exits Infinigate to Bridgepoint

HIG Capital (HIG), a global alternative investment firm with over EUR35 billion of equity capital under management, is to sell Infinigate to Bridgepoint, an international alternative asset fund management group. 

HIG acquired a majority stake in the Company in 2017. The transaction is subject to clearance by the relevant antitrust authorities.

Infinigate, founded in 1996, is a leading specialised value-added distributor (VAD) for cybersecurity and cloud solutions for the SME segment. The core of Infinigate’s business is software distribution – acting as a sales multiplicator between vendors and resellers, giving market access to disruptive vendors, and providing value-added services, such as technical support, trainings, and marketing support to vendors and resellers. 

Infinigate focuses on strongly growing cybersecurity and cloud segments and supports its multinational software vendors in their expansion throughout Europe by providing a network of more than 10,000 resellers.

With the support of HIG, the Company implemented a comprehensive European expansion strategy. Infinigate benefited from HIG’s substantial expertise and extensive network in the technology sector, and from its experience in successfully implementing buy and build strategies. It acquired Dutch cyber security VAD Crypsys in 2017 to expand into the Benelux markets. It subsequently acquired acmeo, a German specialist distributor for the Managed Security Service Provider (MSSP) segment to expand into the cloud segment. During the past four years, Infinigate‘s management successfully managed to double the Company’s revenue. Today, the Company has more than 450 employees and is present in eleven European countries – including the DACH region, Benelux, France, the UK and the Nordic countries.

David Martinez, Chairman of the Board and founder of Infinigate, says: “The close, trusting and successful cooperation with HIG was key for Infinigate to continue its exceptional success story and to tap into additional markets on the continent. Together, we have successfully transformed Infinigate and established the Company as the European leader in the field of cybersecurity solutions. I would like to thank HIG for their support these past few years and look forward to accompany the Company’s next chapter with Bridgepoint, our future investor.”

Klaus Schlichtherle, CEO of Infinigate, adds: “Together with HIG, we have succeeded in further strengthening Infinigate’s position as a leading VAD in Europe and look forward to partnering with the team at Bridgepoint to continue with our growth strategy and take the business to the next level.”

Dr Holger Kleingarn, Managing Director at HIG, says: “We are delighted that we were able to support Infinigate on its successful growth trajectory towards a true European market leader. Infinigate demonstrates HIG’s ability to develop companies through a sustainable combination of organic growth and acquisitions. Infinigate is perfectly positioned for further growth on a global scale, and we wish the management team continued success in the future.”

The parties have agreed not to disclose further details of the transaction.

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