Menu People

GP Bullhound advises Infinigate on investment by H.I.G. Capital

Berlin, 24 February 2017 – GP Bullhound, the European technology investment bank, acted as the exclusive financial advisor to Infinigate Group (“Infinigate”) on a substantial investment by H.I.G. Capital Europe (“H.I.G. Capital”).

Infinigate is one of the leading and most profitable European Value Added Distributors (“VAD”) with sole focus on IT security solutions. The company was founded in 1996, is headquartered in Rotkreuz, Switzerland, and today operates from offices in nine European countries comprising approximately 250 employees and is generating revenues in excess of EUR 300m per year.

Distributed IT security products include firewalls, VPN gateways, intrusion detection and prevention systems (IDS/IPS), encryption, virus protection, e-mail as well as content security solutions. Infinigate acts as an intermediary between complex IT security product vendors such as McAfee, Sophos, Checkpoint and resellers who sell and integrate the products to end customers, typically mid-sized and enterprise companies.

With H.I.G. Capital as a new investor, Infinigate has secured strong financial backing to continue its outstanding growth path. As in previous years, future growth will be driven organically and via acquisitions in Europe including a continuous geographic expansion to become the continent’s leader in the distribution of IT security solutions.

David Martinez, founder and CEO of Infinigate, commented: “On the basis of our strong historical track record, we have decided to accelerate our European expansion strategy over the coming years backed by an investor that supports our strategy as well as our independency in the market. We are delighted to partner with H.I.G., an experienced global investor, in implementing this strategy. Through the partnership, which has been facilitated by our advisor GP Bullhound, Infinigate will benefit not only from H.I.G.’s financial resources, but also from its substantial experience in the technology sector, in the development of new markets and, most importantly, in new acquisitions.”

Julian Riedlbauer, Partner at GP Bullhound, commented: “We are proud to have advised such a large multinational company in the IT Security sector. This substantial investment by H.I.G. Capital represents a very exciting opportunity for the business to accelerate its growth and it is one of the largest transactions in the IT Security sector in Europe in the recent past.”

This represents the completion of GP Bullhound’s fifth transaction in 2017 and further highlights the firm’s strong position in advising European category leaders across multiple transaction types and stages on global competitive processes, following on from recent successful transactions completed for clients such as Playdemic (sold to TT Games), TyresOnTheDrive (investment from Halfords Group), Sinch (sold to CLX), Ecovadis (investment from Partech Ventures), Rightware (sold to Thundersoft), Karmarama (sold to Accenture), and Innogames (investment from MTG).

Enquiries
For enquiries please contact: Julian Riedlbauer, Partner, at julianriedlbauer@gpbullhound.com, Alec Dafferner, Partner, at alec.dafferner@gpbullhound.com or Sebastian Markowsky, Director, at sebastian.markowsky@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading European technology investment bank with a passion for entrepreneurship. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester and Paris. The firm’s advisory team has completed over 230 M&A and Capital transactions to date, working with category leaders including Essence, Avito, Delivery Hero, Fjord, King Digital Entertainment, Pingdom, Innogames, Spotify and many more. Through its principal investment team, GP Bullhound provides institutions, family offices and entrepreneurs with access to some of the most ambitious privately-held technology and media companies in Europe. Furthermore, the firm’s events and speaking activities bring together thousands of Europe’s leading digital entrepreneurs and technology investors throughout the year, and its thought-leading research is read by decision makers globally and regularly cited in leading newspapers and publications. For more information, please visit www.gpbullhound.com, follow @GPBullhound on Twitter or watch our video here.

About Infinigate Group
Infinigate is one of the leading and most profitable European Value Added Distributors (“VAD”) with sole focus on IT security solutions. The company’s offerings include firewalls, VPN gateways, intrusion detection and prevention systems (IDS/IPS), encryption, virus protection, e-mail and content security solutions. The company was founded in 1996, is headquartered in Rotkreuz, Switzerland, and today operates from offices in 9 European countries comprising approximately 250 employees and is generating revenues in excess of EUR 300m per year.

About H.I.G. Capital
H.I.G. Capital is a leading global private equity and alternative assets investment firm. H.I.G. Capital specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach.