Mubasher: Investcorp, a global provider and manager of alternative investment products, said Sunday that Kohlberg Kravis Roberts and Company (KKR), an American multinational private equity firm, has acquired its stake in Optiv Security, a market-leading provider of end-to-end cyber security solutions.
The financial terms of the transaction are not being disclosed, according to a statement.
“Our track record in identifying companies and industries with significant growth potential has allowed us to expand businesses and enhance their value,” Mohammed Al Ardhi, Executive Chairman of Investcorp, said.
“The recent sale of Optiv to KKR serves to further emphasize our continued investment momentum in the United States,” he added.
“Investcorp’s acquisition of FishNet Security exemplifies the type of companies and industries where we see significant opportunities in which to invest,” said Dave Tayeh, Head of Corporate Investment North America at Investcorp.
“Since Investcorp’s initial acquisition, the business has increased revenue and EBITDA nearly three times through organic growth, the merger that created Optiv and strategic acquisitions, which broadened the scope and scale of the business. We believe the Company will continue to realize extraordinary growth and are proud to have been part of its development trajectory,” Tayeh added.
