Pinova Capital and BIP Investment Partners have acquired cyber security provider Utimaco Safeware in a management buyout.
Deal follows M&A litigation initiated after coronavirus uncertainty and financing difficulties
Rehms Building Technology has sold the businesses as part of its self-administration proceedings
Startup has so far raised more than €100m and is backed by VC firms Seed Capital, Greyhound, Augustinus, Socii and private investor David Helgason
GP invested in the metal foils producer, then known as Stanniolfabrik Eppstein, in 2008