Financial Advisory julio 2021

Ufenau Capital Partners sells majority stake in Swiss IT Security Group

Ufenau Capital Partners (Ufenau) has successfully entered into an agreement with Triton Fund V (Triton) to sell its stake in Swiss IT Security Group (SITS Group). The management of the company will remain in place and will be supported by Triton in the further implementation of its growth strategy, which has been very successful so far.

Triton invests through 10 funds in European medium-sized companies in the industry & technology, healthcare, consumer goods and services sectors, with the aim of achieving positive and sustainable development in partnership.

The SITS Group, which has grown organically at a double-digit rate since being acquired by Ufenau in 2017 to become one of the leading one-stop shops for IT security services with well-known customers from the industrial and public sectors, is pleased with the acquisition: "(...) Ufenau has enabled us to significantly expand our geographic reach as well as our service offering with strategic acquisitions. At the same time, we are pleased to have found in Triton a partner with a long-term perspective who will support us in continuing our successful strategy and achieving sustainable success" - says Philipp Stebler, CEO of the SITS Group.

The transaction will be effective upon regulatory approvals. Financial terms of the acquisition agreement will not be disclosed.

Sancovia Corporate Finance supported Ufenau and the management team of SITS Group in the preparation of the relevant financial data and prepared a detailed financial factbook. Furthermore, Sancovia provided comprehensive support to management in the Q&A process during the transaction.