Private investment firm Soho Square Capital has exited its investment in Assured Data Protection (Assured), a managed services provider (MSP) focused on backup, disaster recovery and cyber resiliency as a service, to pan-European private equity firm Oakley Capital.
The transaction is subject to regulatory approvals.
Soho Square backed Assured in 2023, with capital to support an acceleration of the company’s growth plans led by CEO Simon Chappell. In the last year, Assured has delivered growth across its UK and US business.
The company employs Rubrik software and its own proprietary software platform to provide backup and disaster recovery services for companies globally. According to a press statement, Assured operates in a high growth segment of the disaster recovery space which is expected to expand almost five-time over the next five years, as companies’ data architecture becomes more complex and as the prevalence and severity of cyber threats grows.
Soho Square’s deal team was led by James Smallridge, supported by Joe Tebbutt. Shareholders were advised by Hogan Lovells (James Cross – legal), EY (Matt Eves – corporate finance), Grant Thornton (Michael Gilmore – tax), Stax (Florent Jarry – commercial due diligence), KPMG (Mark Alcroft – financial due diligence). Soho Square was advised by Grant Thornton (Lucy Orhnial & Sofie Morgan – tax). Assured Data Protection management received corporate finance advice from Momentum CF (Alastair Boorman).
