Advent International is looking to sell its French biometrics and fingerprint identification firm IDEMIA in a deal worth up to $4.6 billion as it seeks to capitalise on growing demand for cybersecurity assets in Europe, two sources told Reuters.
The U.S. buyout fund is reviewing a series of options to sell IDEMIA, including a possible break-up of the company which was formed in 2016 by combining Safran’s identity and security business with Oberthur Technologies, the sources said.
Cybercrime worldwide has jumped 600% during the pandemic, according to research published by Embroker, as hackers are upping their game and developing new malware to attack and infiltrate systems with the shift to remote working.
Read more: Reuters
