Triton acquires Swiss IT Security Group from Ufenau. The advisors

Triton Fund V advised by Triton investment firm, has accquired Swiss IT Security Group, a cyber security services provider in the DACH and Benelux regions, from Ufenau Capital Partners.  Triton will replace Ufenau Capital Partners as majority shareholder in Swiss IT Security Group. Triton’s portfolio currently includes 48 companies with a total turnover of approximately €17.7 billion and around 100,800 employees. The transaction is subject to regulatory approvals.

The advisors

Bär & Karrer acted as lead counsel for Triton with a team that includes Christoph Neeracher (pictured), Luca Jagmetti, Raphael Annasohn, Adrian Zampieri, Luana Stämpfli and Lazar Lepir (all m&a), Susanne Schreiber and Julian Hodel (both tax), Markus Wang and Tobias Rebmann (both IP/IT), Laura Widmer (employment), Rehana Harasgama (data protection), Ruth Bloch-Riemer (pensions) as well as Mani Reinert (antitrust).

Bär & Karrer acted as lead counsel alongside with Latham & Watkins (Germany) and Allen & Overy (Netherlands and Belgium).

Walder Wyss advised Ufenau Capital Partners (Ufenau) on the sale of its majority stake in Swiss IT Security Group (SITS Group). The team was led by Stefan Knobloch (partner, corporate/m&a, pictured left) and Fabienne Anner (managing associate, corporate/m&a, pictured left) and further included Samuel Lieberherr (managing associate, corporate/m&a), Christian Hagen (managing associate, corporate/m&a), Alice Vorburger (senior associate, corporate/m&a), Caroline Gaul (senior associate, IP/IT & data protection) and Simone Wetzstein (managing associate, employment).

Ufenau was also advised by GÖRG, Sancovia Corporate Finance, Roland Berger and Stifel.

Swiss IT Security Group

Founded in 2017, Swiss IT Security Group is a provider of IT security services, offering strategic cybersecurity consulting and implementation support, managed security services and software solutions. The company operates across industries and supports corporations, SMEs and public institutions in protecting their IT infrastructure and combating cybercrime. Swiss IT Security Group currently employs around 600 people in 19 offices in Germany, Austria, Switzerland, Belgium and the Netherlands.