Munich / Pfungstadt — Funds advised by Equistone Partners Europe (“Equistone”) acquire a majority stake in eperi, a leading provider of cybersecurity software for cloud applications. The sellers of the security specialist from Pfungstadt, Hesse, are the venture capital companies Evolution Equity Partners and btov. Elmar Eperiesi-Beck, founder and CEO of eperi, will continue to lead the company as Managing Director and will retain a significant stake in the company. The further scaling and internationalization of the company as well as a targeted buy & build strategy are to be the focus of the new partnership. The parties have agreed not to disclose details of the transaction.
Since its foundation in 2014, Eperi GmbH, headquartered in the Rhine-Main area, has become a leading provider of cybersecurity solutions for data protection and security in on-premise, hybrid and multi-cloud environments. The company has many years of experience in the field of data encryption for cloud applications and an international customer base with a focus on (large) companies from the financial, healthcare and industrial sectors. eperi’s solutions allow customers to use any type of IT infrastructure and software applications in a secure and compliant manner. With eperi, customers can take full advantage of the cloud without worrying about data security, compliance and liability.
With the recently concluded partnership, the successful course of the data security specialist is now to be further advanced: Together with the founder and CEO of eperi, Elmar Eperiesi-Beck, the focus will be on expanding partner management and the organization. With further internationalization and a targeted buy & build strategy, the company’s growth trajectory is to be taken to a new level.
“We were looking for a partner who not only brings capital strength, but above all can support us on our future growth path through reliability and many years of experience in the further development of companies. With Equistone we have found such a partner,” eperi founder and CEO Elmar Eperiesi-Beck comments on the transaction. “Especially when it comes to driving internationalization and implementing buy-&-build strategies, we rely on Equistone’s experience and support to accelerate our company’s success trajectory once again together.”
“For us, the acquisition of eperi marks another important milestone in the addition of high-growth and future-oriented IT companies to our traditional portfolio. eperi has developed into a leading international company with an outstanding customer and partner network in only a short period of time — not least due to its founder’s many years of experience in cloud security,” explains Dr. Marc Arens, Senior Partner and Country Head DACH/NL at Equistone.
“Numerous international patents illustrate the innovative and modern approach behind eperi’s technologies — this is exactly what we want to leverage to sustainably accelerate growth together with the founder and management team. eperi stands for preventing third parties from accessing critical data at any time while enabling the use and benefits of a scalable hybrid or multi-cloud infrastructure as well as any type of software application for all users,” commented Sebastian Wintgens, Director at Equistone Partners Europe.
“We are pleased to support eperi along its strong growth path and to work with the company’s management to establish it as an international cybersecurity champion,” added Christoph Wüstemeyer, Investment Manager at Equistone Partners Europe.
Dr. Marc Arens, Sebastian Wintgens and Christoph Wüstemeyer are responsible for the transaction on the part of Equistone.
Equistone was advised on the transaction by BCG (Commercial), Code & Co. (Technology), Bird & Bird (IP & Regulation), PWC (Financial & Tax), and Pöllath (Legal & Contractual Documentation).
About Equistone Partners Europe
Equistone Partners Europe is one of the most active European equity investors with a team of more than 50 investment specialists in seven offices in Germany, Switzerland, the Netherlands, France and the UK. Equistone primarily invests in established medium-sized companies with a good market position, above-average growth potential and an enterprise value of between EUR 50 and 500 million. Since its foundation, equity has been invested in around 160 transactions in the DACH region and the Netherlands, mainly mid-market buy-outs. The portfolio currently comprises over 50 companies across Europe, including around 20 active holdings in Germany, Switzerland and the Netherlands. Equistone is currently investing from its sixth fund, which closed in March 2018 with €2.8 billion. www.equistonepe.com
About Eperi Ltd.
Eperi GmbH, headquartered in the Rhine-Main area, is a leading provider of cybersecurity solutions for data protection and security in on-premise, hybrid and multi-cloud environments. eperi’s innovative and easy-to-use solutions allow its end users to use any type of IT infrastructure and software applications in a secure and compliant manner. The advantages of the cloud can thus be optimally exploited without having to worry about data security, compliance and liability. With several international patents, eperi acts as a pioneer for innovative and reliable multi-cloud technology and supports its customers’ ESG efforts by protecting private data. The international customer base of the cloud security specialist includes in particular (large) companies from the financial, healthcare and industrial sectors.