SGT Capital to replace EQT as Utimaco’s main financial investor

EQT has announced that the EQT Mid Market Europe fund has agreed to sell Utimaco to SGT Capital LLC, a global alternative asset manager with offices in Germany and Singapore. The transaction is subject to regulatory conditions and approvals and is expected to close in Q4 2021. It will allow Utimaco to continue its strong development and execution of its strategic growth plans.

Florian Funk, Partner within EQT Private Equity’s Advisory Team, said: “Utimaco plays a crucial role in fighting cyber-crime making the world a safer place and we are extremely proud of having supported Utimaco on its mission to create trust in the digital society, as cyber terrorism and data abuse is growing in complexity, sophistication and frequency. We would like to thank all employees for this exciting journey - We are convinced that Utimaco will continue its successful path with its new majority owner and are happy to stay invested as a minority owner.”

Joseph Pacini, Co-Managing Partner of SGT Capital, said: “Utimaco is the clear market leader in global cybersecurity as well as compliance solutions and services.  SGT Capital looks forward to partnering with Stefan Auerbach and the entire Utimaco team and working together towards continued global expansion through organic and M&A growth opportunities.”

Carsten Geyer, Co-Managing Partner of SGT Capital, said: “Utimaco clearly fits within the SGT Capital business model of investing in market leading business with excellent executives and significant future growth upside.  Utimaco has executed an impressive innovation, growth and M&A strategy and we look forward to working with management as well as EQT Private Equity and Bain Capital as co-investors going forwards.”

Read the EQT press release.

Read the SGT press release.