Consolidation has been a constant feature in the channel over the past couple of decades but, increasingly, deals involve private equity.
Managed services is an area where investments have been high and funds advised by Apax Partners have added another example to the growing list with a move to acquire a majority stake in MSSP Herjavec Group (HG). The terms of the deal were not disclosed.
Founded in 2003, the firm has established itself as a leading player in the market and following the deal, its founder and CEO, Robert Herjavec, who is a significant stakeholder, will remain at the helm.
The business has outposts in the UK, US, Canada and India, employing more than 300 staff, and has been developing its international business. Apax funds aim to help fuel Herjavec’s geographical expansion plans and invest in the firm’s threat and identity resources.
By Simon Quicke
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