M&A Deal Summary

MC2 Security Fund Acquires Trustwave

On January 5, 2024, private equity firm MC2 Security Fund acquired software company Trustwave from Singapore Telecommunications

Acquisition Highlights
  • This is MC2 Security Fund’s 1st transaction in the Software sector.
  • This is MC2 Security Fund’s 2nd transaction in the United States.
  • This is MC2 Security Fund’s 1st transaction in Illinois.

M&A Deal Summary
Date 2024-01-05
Target Trustwave
Sector Software
Buyer(s) MC2 Security Fund
Sellers(s) Singapore Telecommunications
Deal Type Divestiture

Target

Trustwave

Chicago, Illinois, United States
Trustwave is a cybersecurity company that reduces cyber risk and fortifies organizations against disruptive and damaging cyber threats. The company's comprehensive offensive and defensive cybersecurity portfolio detects what others cannot, responds with greater speed and effectiveness, optimizes its client’s cyber investment, and improves security resilience. It is an analyst-recognized leader in managed detection and response (MDR), managed security services (MSS), cyber advisory, penetration testing, database security, and email security. Trustwave was formed in 1995 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

MC2 Security Fund

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 DMI

McLean, Virginia, United States

DMI is a global technology solutions company that specializes in digital strategy, design, transformation, and support. The company offers solutions for AI and analytics, commerce, customer experience, cloud platforms, application development, mobile, and cybersecurity. DMI was formed in 2002 and is based in McLean, Virginia.

Buy -

Seller(S) 1

SELLER

Singapore Telecommunications

Singapore, Singapore
Category Company
Founded 1992
Sector Communications
Employees22,543
Revenue 14.1B SGD (2024)
DESCRIPTION

Singapore Telecommunications is a provider of international and local telephone services, mobile communication services, data communications services and postal services. Singapore Telecommunications was founded in 1992 and is based in Singapore.

DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Nxera

Singapore , Singapore

Nxera is a regional sustainable Data Centre (DC) platform with the richest interconnectivity, serving the rapidly growing digitalisation, cloud adoption and AI revolution in the Asia Pacific region. Nxera is based in Singapore .

Sell -
Mergr

Product

Company

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