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Home News

EQT to Acquire Majority Stake in Acronis

August 7, 2024
Reading Time: 2 mins read
in News

EQT X fund is set to acquire a majority stake in Acronis, a leading IT solutions provider for Managed Service Providers (MSPs). Acronis’ founders, management, and existing investors, including CVC, Springcoast, and BlackRock, will retain minority shares in the company. The valuation in this transaction surpasses the company’s last growth funding round from 2022.

Acronis, founded in 2003, offers an integrated platform for cybersecurity and data protection. As businesses increasingly recognize the need for robust data security, Acronis allows clients to outsource IT services while maintaining high standards of reliability. The company has a significant global footprint, with over 1,700 employees and a network spanning 150 countries, serving more than 20,000 MSPs and protecting over 750,000 businesses.

EQT, which has closely followed Acronis’ progress for years, is excited to support the company’s next growth phase. EQT sees strong potential in Acronis’ innovative cybersecurity solutions and its value proposition for MSPs. Both the companies’ leadership teams express optimism about the partnership, viewing it as an opportunity to further scale Acronis’ operations and global reach.

The acquisition is expected to be completed between Q1 and Q2 of 2025, pending regulatory approval. This deal will bring EQT X fund’s investments to approximately 40-45% of its total capacity. Legal advisors for EQT include Milbank and Bär & Karrer.

 

Reference:

  • EQT to acquire a majority stake in Acronis, a leading cybersecurity and data protection platform for Managed Service Providers and corporate IT departments

Tags: acquisitionsAcronisAugust 2024Cyber NewsCyber News 2024Cyber threatsCybercrimeCybersecuritydata protectionEQT
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