Private equity firm IK Investment Partners’ (IK) IK VIII Fund has acquired a majority stake in Infradata Group (Infradata) from Waterland Private Equity Fund V (Waterland).
Infradata is a provider of cybersecurity and secure networking solutions across Europe. Financial terms of the transaction have not been disclosed.
Infradata was founded in the Netherlands in 2004, where it continues to be headquartered. The company has an additional presence in Germany, UK, France (Nomios), Belgium, Poland and the US, with ambitious expansion plans. The company provides cybersecurity and secure networking solutions, from design and delivery to aftermarket support and managed services. Infradata supports many large blue-chip clients with high security and data requirements across the industrial, advanced manufacturing, financial, telecommunications and e-commerce sectors.
As part of the transaction, Infradata’s founder and CEO, Leon de Keijzer will transition to the Board of Directors. Nino Tomovski, currently International Vice President, will be appointed CEO of Infradata as of 1 January 2019.
Leon de Keijzer, Founder of Infradata, says: “I have been proud to lead Infradata since its inception and during its period of transformation from a local player in the Netherlands to a European sector leader. Given IK’s understanding of our sector paired with their extensive history of building and growing European businesses, we are very happy with them as a new shareholder.”
Nino Tomovski, incoming CEO of Infradata, says: “I am very pleased to take on the role of CEO and work together with IK to build the largest and most trusted cyber security player in Europe.”
Wouter Roduner, Partner at Waterland, says: “We’re very proud to have supported Infradata in the second phase of its European expansion from 3 to 7 countries, having more than tripled the company in size as a result. We wish Nino, Leon, IK, and the broader Infradata team the best of luck in continuing this successful growth trajectory.”
Norman Bremer, Partner at IK Investment Partners, says: “Our decision to back Infradata was driven by two prominent megatrends, namely the increase of cybersecurity threats in recent years, and rising data consumption. We are excited to be backing a management team with a fantastic track record and a highly innovative service offering. We are especially impressed with the company’s multi-country footprint and its outstanding people. We look forward to helping expand Infradata’s capabilities both through organic and acquisitive growth opportunities and building it into a truly European leader.”
