M&A Deal Summary

Castik Capital Acquires AddSecure

On September 26, 2019, private equity firm Castik Capital acquired information technology company AddSecure from ABRY Partners

Acquisition Highlights
  • This is Castik Capital’s 1st transaction in the Information Technology sector.
  • This is Castik Capital’s 1st transaction in Sweden.

M&A Deal Summary

Date 2019-09-26
Target AddSecure
Sector Information Technology
Buyer(s) Castik Capital
Sellers(s) ABRY Partners
Deal Type Secondary Buyout

Target

AddSecure

Stockholm, Sweden
AddSecure is a provider of IoT solutions with a focus on secure critical communications and data. AddSecure offers solutions within Smart Alarms, Smart Rescue, Smart Grids and Smart Transport. AddSecure was founded in 1979 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Castik Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Castik Capital Partners advises Luxembourg based Castik Capital, the manager of the EPIC Funds. Castik seeks public and private investment opportunities throughout Europe where the Firm can commit €100 to €300 million per transaction. Castik was formed in 2014 and is based in Luxembourg.


DEAL STATS #
Overall 8 of 16
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 11
Country: Sweden M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 Delegate IP

Evanston, Illinois, United States

Delegate IP is a fast-growing administrative support service provider with a very strong capability and reputation in services for EP validations and foreign filings, and a growing presence in IP renewals services and IP recordals. Delegate IP was founded in 2008 and is based in Evanston, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Waterlogic

High Wycombe, United Kingdom

Waterlogic is a designer, manufacturer, distributor and operator of mains attached point-of-use ("POU") drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants, and other workplaces. Waterlogic was founded in 1992 and is based in High Wycombe, United Kingdom.

Sell -

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 79 of 104
Sector: Information Technology M&A 18 of 24
Type: Secondary Buyout M&A Deals 23 of 33
Country: Sweden M&A 1 of 1
Year: 2019 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Portfolio

Lake Forest, California, United States

Portfolio is an independent provider of finance and insurance products and services to automotive dealers across the country. Portfolio develops, sells, and administers auto dealer extended warranty programs across a full-service product offering, including vehicle service contracts, GAP insurance, and ancillary products. Portfolio was founded in 1990 and is based in Lake Forest, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Hilb Group

Richmond, Virginia, United States

Hilb Group is a middle-market insurance agency. Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. Hilb Group was founded in 2009 and is based in Richmond, Virginia.

Sell -