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POELLATH advises management of Utimaco Verwaltungs GmbH on sale to SGT Capital

POELLATH advised the management of Utimaco Verwaltungs GmbH (“Utimaco”), a cybersecurity specialist, on the sale to the private equity firm SGT Capital LLC (“SGT”) with regard to the reinvestment and the management participation. The seller was EQT Private Equity (“EQT”), which will remain a minority shareholder in Utimaco.

The sale is subject to the customary regulatory approvals. Closing is expected to take place in the fourth quarter of 2021.

Based in Aachen, Germany and Campbell, CA (USA), Utimaco Verwaltungs GmbH is the world’s leading provider of professional cybersecurity and compliance solutions and services. Its offering includes on-premises and cloud-based hardware security modules, as well as key management solutions and data intelligence solutions for regulated critical infrastructures. As a result, the company plays a key role in better protecting the world and society from cybercrime. Utimaco employs more than 470 people.

EQT Private Equity is an investment company primarily active in Northern Europe and Asia, with its headquarters in Stockholm. The company has a track record of nearly three decades of consistent and attractive returns across various regions, sectors and strategies.

SGT Capital, a global private equity firm with offices in Germany and Singapore, generates above-average returns by internationalizing middle-market companies in combination with traditional private equity value enhancement strategies.

POELLATH provided comprehensive legal and tax advice to the management of Utimaco within the context of the sale with regard to the reinvestment and management participation with the following team:

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