Manama – MENA Herald: Investcorp, a global provider and manager of alternative investment products, today announces that it has, together with its portfolio company SecureLink Group NV (“SecureLink”), acquired the United Kingdom’s largest independent cybersecurity service provider, Nebulas Solutions Ltd (“Nebulas” or the “Company”).
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 United Kingdom.
Combined with the recent acquisition of Scandinavia’s Coresec Systems (“Coresec”), SecureLink and Nebulas will operate across six countries in Europe, employ over 550 members of staff and generate more than €235 million in revenue.
Mohammed Al-Shroogi, Co-CEO at Investcorp, said: “As a combined group SecureLink, Coresec and Nebulas will form the second largest cybersecurity player in Europe providing best in breed products suited to a wide range of industries. The Nebulas acquisition gives us access to new markets, increased scale, a diversified product offering and a wealth of new talent and expertise. With this second add-on acquisition we believe we are one step closer to forming the leader in pan-European cybersecurity and we think Nebulas is the perfect fit as we continue building upon this goal.”
Marco Barkmeijer, Chief Executive Officer of SecureLink, added: “The UK is the largest and most advanced IT security market in Europe and Nebulas has built a formidable business focussed on providing best in class cybersecurity services to its clients. SecureLink and the cybersecurity industry have witnessed exceptional growth and I am delighted that 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 investment 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 plc), the IPO of Sophos Group plc on the London Stock Exchange and the complete exit of a minority stake in Autodistribution.
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