M&A Deal Summary

The Carlyle Group Acquires NEVERHACK

On July 3, 2023, private equity firm The Carlyle Group acquired information technology company NEVERHACK from IK Partners

Acquisition Highlights
  • This is The Carlyle Group’s 37th transaction in the Information Technology sector.
  • This is The Carlyle Group’s 26th transaction in France.

M&A Deal Summary

Date 2023-07-03
Target NEVERHACK
Sector Information Technology
Buyer(s) The Carlyle Group
Sellers(s) IK Partners
Deal Type Secondary Buyout

Target

NEVERHACK

Guyancourt, France
NEVERHACK is a provider of IT and cybersecurity services. NEVERHACK will serve large private groups and government agencies to provide solutions for their critical security needs and will offer an e-learning platform aimed at upskilling or reskilling IT, network and cyber professionals. NEVERHACK is based in Guyancourt, France.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 737 of 742
Sector (Information Technology) 37 of 38
Type (Secondary Buyout) 127 of 129
Country (France) 26 of 26
Year (2023) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 United Road Services

Romulus, Michigan, United States

United Road Services is a provider of vehicle transport and logistics in North America. United Road serves 10,000-plus diverse customers including manufacturers, retailers, finance and leasing companies, rental agencies, auctions, web-based logistics firms and individuals transporting millions of new, remarketed and specialty vehicles annually. United Road Services was founded in 1998 and is based in Romulus, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 Tessara

Cape Town, South Africa

Tessara is a manufacturer of sulfur dioxide sheets, which are used to preserve fresh produce during export. Its flagship product is Uvasys, a SO2-based sheet, primarily used to protect table grapes against Botrytis infection, which is responsible for almost 50% of all post-harvest agricultural loss. Uvasys also enhances transportation, export and storage of grapes. Tessara was founded in 1985 and is based in Cape Town, South Africa.

Sell -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 107 of 111
Sector (Information Technology) 4 of 5
Type (Secondary Buyout) 44 of 46
Country (France) 21 of 22
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-03 Cinerius Financial Partners

Zug, Switzerland

Cinerius is a platform for independent wealth managers (“IWMs”) from German-speaking European regions. The platform currently includes seven partner businesses, each of which offers a range of wealth management solutions, including opportunities to invest in proprietary funds and access advisory services. Its partner businesses include B&K Vermögen; BV & P Vermögen; Entrepreneur Partners; Habbel, Pohlig & Partner Vermögensverwaltung; KSW Vermögensverwaltung; Ringelstein & Partner Vermögensbetreuung; and VM Vermögens-Management. Cinerius is based in Zug, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Valoria Capital

Paris, France

Valoria Capital is an acquisition platform of independent financial advisors. Valoria Capital offers a diversified range of saving products from a wide panel of asset managers. Valoria Capital was founded in 2012 and is based in Paris, France.

Sell -