SGT Capital, a worldwide alternative asset manager with offices in Germany and Singapore, announced that the EQT Mid Market Europe fund has come to an agreement to sell Utimaco Verwaltungs GmbH to SGT Capital.

Utimaco is a trusted company for cybersecurity and compliance solutions and services. For governed critical systems, the firm offers on-premises and cloud-based hardware security modules, as well as key management and data intelligence solutions. Utimaco employs over 470 people across the world. The firm’s emphasis on protecting data, identities, and essential infrastructures from cyber-crime makes it a vital force in trying to make the world a safer place.

“Utimaco is the clear market leader in global cybersecurity as well as data intelligence solutions and has executed an impressive innovation, growth and M&A strategy. We look forward to working with Stefan Auerbach and the entire Utimaco team as well as EQT Private Equity and Bain Capital Credit going forwards,” said Joseph Pacini, Co-Managing Partner of SGT Capital, said.

“Utimaco plays a crucial role in fighting cyber-crime making the world a safer place. 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,” said Florian Funk, Partner within EQT Private Equity’s Advisory Team.

“We have been very impressed with the performance of Utimaco over the last few years. Bain Capital is delighted to support SGT Capital in their investment and to continue to work alongside this talented management team led by Stefan Auerbach,” said Tom Maughan, Head of Private Credit in Europe for Bain Capital Credit.

“In the last years, we have built a global platform leader for trusted cybersecurity solutions, providing the highest level of security and compliance to the world’s largest corporates and governments. We look forward to the next phase of growth together with SGT Capital,” said Stefan Auerbach, CEO of Utimaco.

“Utimaco clearly fits within the SGT Capital business model of investing in market leading business with excellent executives and significant future global growth potential – particularly into high growth regions such as Asia. We look forward to opening up doors of success together with the Utimaco team, EQT Private Equity and Bain Capital Credit,” said Carsten Geyer, Co-Managing Partner of SGT Capital.