SGT Capital’s Acquisition of Utimaco Verwaltungs GmbH

POELLATH advised the management of Utimaco Verwaltungs GmbH. Willkie advised SGT Capital on the deal. Freshfields Bruckhaus Deringer advised EQT. Proskauer Rose advised Bain Capital.

Utimaco Verwaltungs GmbH, a cybersecurity specialist, announced its sale to the private equity firm SGT Capital LLC with regard to the reinvestment and the management participation. The seller was EQT Private Equity (“EQT”), which will remain a minority shareholder in Utimaco.

The sale is subject to the customary regulatory approvals. Closing is expected to take place in the fourth quarter of 2021.

Based in Aachen, Germany and Campbell, CA (USA), Utimaco Verwaltungs GmbH is the world’s leading provider of professional cybersecurity and compliance solutions and services. Its offering includes on-premises and cloud-based hardware security modules, as well as key management solutions and data intelligence solutions for regulated critical infrastructures. As a result, the company plays a key role in better protecting the world and society from cybercrime. Utimaco employs more than 470 people.

EQT Private Equity is an investment company primarily active in Northern Europe and Asia, with its headquarters in Stockholm. The company has a track record of nearly three decades of consistent and attractive returns across various regions, sectors and strategies.

SGT Capital, a global private equity firm with offices in Germany and Singapore, generates above-average returns by internationalizing middle-market companies in combination with traditional private equity value enhancement strategies.

The Poellath team included Dr. Benedikt Hohaus (Picture – partner, lead, management participation/private equity, Munich), Dr. Nico Fischer (partner, tax, Munich), Johanna Scherk (associate, management participation/private equity, Munich) and Xin Zhang (associate, M&A/private equity, Frankfurt).

The Willkie team was jointly led by partners Georg Linde and Dr. Kamyar Abrar and included counsel Dr. Michael Ilter and Andreas Feith.

Proskauer Rose team included Faisal Ramzan, Sonia Lamba and Haris Ahmed.

The Freshfields Bruckhaus Deringer team included Dr. Wessel Heukamp, Dr. Theresa Ehlen, Judit Gajdics, Nina Heym, Sascha Arnold, Dr. Frank Röhling, Dr. Uta Itzen, Aimen Mir, Dr. Uwe Salaschek, Dr. David Beutel, Dr. Frank Schaer; Associates: Dr. Verena Nosch, Jadwiga Loiko, Dr. Maximilian Zellerhoff, Hendrik Witt, Lukas Pomaroli, Dr. Martin Rehberg, Johanna Jansen.

Involved fees earner: Sascha Arnold – Freshfields Bruckhaus Deringer LLP; David Beutel – Freshfields Bruckhaus Deringer LLP; Theresa Ehlen – Freshfields Bruckhaus Deringer LLP; Judit Gajdics – Freshfields Bruckhaus Deringer LLP; Wessel Heukamp – Freshfields Bruckhaus Deringer LLP; Nina Heym – Freshfields Bruckhaus Deringer LLP; Uta Itzen – Freshfields Bruckhaus Deringer LLP; Johanna Jansen – Freshfields Bruckhaus Deringer LLP; Jadwiga Loiko – Freshfields Bruckhaus Deringer LLP; Aimen Mir – Freshfields Bruckhaus Deringer LLP; Verena Nosch – Freshfields Bruckhaus Deringer LLP; Lukas Pomaroli – Freshfields Bruckhaus Deringer LLP; Martin Rehberg – Freshfields Bruckhaus Deringer LLP; Frank Röhling – Freshfields Bruckhaus Deringer LLP; Uwe Salaschek – Freshfields Bruckhaus Deringer LLP; Frank Schaer – Freshfields Bruckhaus Deringer LLP; Hendrik Witt – Freshfields Bruckhaus Deringer LLP; Maximilian Zellerhoff – Freshfields Bruckhaus Deringer LLP; Nico Fischer – P+P Pöllath + Partners; Benedikt Hohaus – P+P Pöllath + Partners; Johanna Scherk – P+P Pöllath + Partners; Xin Zhang – P+P Pöllath + Partners; Haris Ahmed – Proskauer Rose; Sonia Lamba – Proskauer Rose; Faisal Ramzan – Proskauer Rose; Kamyar Abrar – Willkie Farr & Gallagher; Andreas Feith – Willkie Farr & Gallagher; Michael Ilter – Willkie Farr & Gallagher; Georg Linde – Willkie Farr & Gallagher;

Law Firms: Freshfields Bruckhaus Deringer LLP; P+P Pöllath + Partners; Proskauer Rose; Willkie Farr & Gallagher;

Clients: Ansgar Steden; Bain Capital; EQT Partners; Malte Pollmann; Martin Stamm; SGT Capital; Stefan Auerbach; Stefan Zeichner;

Federica Tiefenthaler

Author: Federica Tiefenthaler