POELLATH advises Maxburg on the closing of an Accel-KKR-led continuation fund to support the next growth phase of Securepoint

Munich-based private equity firm Maxburg has announced the successful sale of Securepoint, a German provider of cybersecurity solutions for small and medium-sized enterprises, from Maxburg Fund III into a newly established single-asset continuation fund. The lead investor in the continuation fund is an entity managed by Accel-KKR, a global technology-focused investment firm.

With this transaction, Maxburg and the management of Securepoint will continue their partnership into the company’s next ownership phase. Additional capital is intended in particular to drive organic growth, targeted M&A activities, and the further expansion of the cybersecurity platform. The closing of the transaction remains subject to customary regulatory approvals.

Headquartered in Lüneburg, Securepoint is a leading provider of cybersecurity solutions for small and medium-sized enterprises in the DACH region, serving more than 125,000 end customers through a network of approximately 5,800 partners. Since Maxburg’s initial investment in 2018, the company has developed into a professionally managed cybersecurity platform and has systematically expanded both its market position and service offering.

Maxburg is a sponsor focused on the German-speaking region, supporting companies in implementing their growth strategies in a partnership-driven manner. The investment vehicles managed by Maxburg have total capital commitments of over EUR 1 billion.

POELLATH provided comprehensive legal and tax advice to Maxburg in connection with the transaction, in particular on the structuring and establishment of the continuation fund as well as on transaction-related aspects and negotiations with investors. The advisory team includes:

• Dr Peter Bujotzek (partner, lead, investment funds, Frankfurt am Main)
• Dr Tim Kaufhold (partner, M&A/PE, Munich)
• Dr Nico Fischer (partner, tax, Munich)
• Dr André Blischke (associated partner, investment funds, Frankfurt am Main)
• Dr Verena Stenzel (associated partner, M&A/PE, Munich)
• Dr David Hötzel (associated partner, tax, Berlin)
• Franzisca Stuckenberg (counsel, investment funds, Frankfurt am Main)
• Nemanja Burgić (counsel, M&A/PE, Munich)
• Dr Thomas Becker (senior associate, investment funds, Frankfurt am Main)
• Dr Saskia Bardens (senior associate, tax, Munich)
• Juliane Hubert (senior Associate, M&A/PE, Munich)
• Amélie von Halem (associate, M&A/PE, Munich)