Investcorp, a global provider and manager of alternative investment products, has announced that it has, together with its portfolio company SecureLink Group (SecureLink), acquired the UK’s largest independent cybersecurity service provider, Nebulas Solutions.
Founded in 2001 in London and employing 50 staff, Nebulas provides a broad range of IT security products and services, including managed security services and cyber-threat intelligence to predominantly mid to large enterprises in the UK.
Combined with the recent acquisition of Scandinavia’s Coresec Systems, SecureLink and Nebulas will operate across six countries in Europe, employ over 550 members of staff, and generate more than €235mn in revenue.
Johannes Glas, managing director at Investcorp in Qatar, said: “Nebulas is yet another great addition for SecureLink and Investcorp as we continue to build a pan-European leader in cybersecurity. We believe this acquisition puts SecureLink on the right track to grow its geographical footprint, expertise, and product offering. We are very pleased with this acquisition and believe that it will help us drive long-term value for SecureLink.”
SecureLink CEO Marco Barkmeijer added: “The UK is the largest and most advanced IT security market in Europe, and Nebulas has built a formidable business focused on providing best in class cybersecurity services to its clients. SecureLink and the cybersecurity industry have witnessed exceptional growth and I am delighted that the founder and chief executive officer, Nick Garlick, and the Nebulas team will be joining us on this exciting journey as we seek to execute our ambitious European expansion plans. We all share the same vision and I am very much looking forward to the many great things that I believe will come from our synergies.”
Over the last 12 months, Investcorp’s European corporate investment team has witnessed its most active period since the inception of the firm, having signed five new deals and successfully exiting nine portfolio companies.
Just under two months ago, Investcorp announced the acquisitions of Coresec and leading luxury Italian menswear brand, Corneliani. Recent exits include the sale of Tyrrells to Amplify, the sale of assessment provider GL Education, the initial public offering of Asiakastieto on Nasdaq Helsinki, the sale of Icopal to Standard Industries, the sale of N&W to Lone Star Funds, the full sale of Skrill Group to Optimal Payments (now renamed Paysafe Group), the IPO of Sophos Group on the London Stock Exchange, and the complete exit of a minority stake in Autodistribution.