The EQT X fund (EQT) will acquire a majority stake in Acronis, with the deal set to be completed, pending customary regulatory approvals, by the first half of 2025.
Following the transaction, the founders, management and existing investors – including funds and accounts managed by CVC, Springcoast and BlackRock Private Equity Partners – will remain as significant minority shareholders.
Acronis is valued in the transaction above the last growth funding round which was completed in 2022.
Founded in 2003, Acronis is offers managed service roviders a natively integrated, highly efficient cybersecurity and data protection platform. It enables customers to outsource IT capabilities while ensuring high standards of data security, integrity and reliability.
With 15 offices around the world and more than1,700 employees, Acronis’ network spans over 150 countries, enabling more than 20,000 service providers to protect over 750,000 businesses.
According to Johannes Reichel, Partner and Co-Head of Technology in EQT’s Private Equity advisory team, EQT has followed the company’s journey for many years and continues to be impressed by its performance and innovative strength.
“We are thrilled to have EQT as a major shareholder to support our strategic expansion and share our vision for growth. We would like to thank our existing investors for their support to date and are pleased that many will remain invested as we move forward. But most of all, I’d like to thank the Acronis team for their work in getting us to this stage,” said Ezequiel Steiner, CEO of Acronis.
Image: Ivana Tomášková from Pixabay
Entelechy Asia 