EQT Private Equity Divests Cybersecurity Firm Utimaco To SGT For $500M

by Anusuya Lahiri, Benzinga Editor
August 13, 2021 11:54 AM | 26 seconds read |
  • EQT Private Equity has agreed to sell a majority stake in cybersecurity company Utimaco to private equity firm SGT Capital.
  • The deal is worth $500 million, Bloomberg reports.
  • EQT will remain a minority investor in Utimaco.
  • Utimaco develops security hardware for managing sensitive data, distributing cryptographic keys, and compliance solutions for telecommunication providers.
  • The transaction is likely to close in Q4.
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