HIG acquires Swiss IT consulting business Infinigate
HIG Europe, the European investment arm of HIG Capital, has acquired an undisclosed stake in Swiss IT consulting business Infinigate.
The GP backed the company's MBO alongside the management team, which will continue to lead the business.
According to a statement, the company aims to use the capital injection to expand internationally across new markets through bolt-on acquisitions. In January 2017, the firm opened a new office in Finland.
Company
Headquartered in Rotkreuz, Switzerland, and founded in 1996, Infinigate provides consulting services for the IT security industry focusing on marketing, sales, training programmes and professional support.
The company has a presence in nine European countries, including Germany, the UK, France and Scandinavia, and employs a staff of 250.
According to a statement, the business posted €296m in revenues in the year to March 2016, representing a 24% growth rate compared to the €239m turnover of the previous year.
People
HIG Europe – Holger Kleingarn (managing director).
Infinigate – David Martinez (CEO).
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