Global cybersecurity firm, Coalfire, has been acquired by private equity firm, Apax Partners.
The company employs 30 people in Manchester and recently announced that it was moving to a new 5,500sq ft UK headquarters at City Tower.
No details of the deal have been revealed, but it means the exit of its previous backers, US firms, The Carlyle Group and The Chertoff Group.
“Coalfire is an established and highly-respected cybersecurity advisory and assessment services firm that is well-positioned for further growth due to cybersecurity trends and the vision of its strong management team,” stated Rohan Haldea, Partner at Apax Partners.
“The Apax funds’ investment will assist the company in particular by increasing Coalfire’s investment in technology; continuing to invest in thought leadership, especially with respect to securing cloud environments; and deepening capabilities across assurance standards while scaling its penetration testing and cyber risk services business.”
Tom McAndrew, Coalfire’s CEO added:
“We’re very pleased with Apax Partners’ acquisition of Coalfire and look forward to driving our growth through new technology investments, strategic acquisitions, and service expansion focused on optimising the pervasive shift towards multi-cloud environments and remote operations. We appreciate the stewardship of our previous owners, The Carlyle Group and Chertoff Capital, that has set the course for this opportunity with our management.”
