EQT Snags Majority Stake in Acronis: Cybersecurity’s $3.5B Power Play
Acronis, the Swiss cybersecurity firm, has been majority acquired by Europe’s largest private equity firm, EQT. With a valuation of over $3.5 billion, Acronis’s CEO expressed excitement for the strategic expansion. Founders will retain stakes and focus on AI research, while EQT aims to close the deal by mid-2025.
Hot Take:
Looks like Acronis just got a Swiss makeover! EQT swoops in like a tech-savvy James Bond to rescue and expand the cybersecurity empire, while the founders are off to have a tea party with AI. Is it a win-win or just another day in the private equity playground? Only time will tell!
Key Points:
- EQT, Europe’s largest private equity firm, has acquired a majority stake in Acronis.
- The valuation of Acronis in this deal was above its last growth funding round, estimated at $3.5 billion.
- The exact value of the deal and the size of EQT’s stake have not been disclosed.
- Founders Serg Bell and Stanislav Protassov will retain a material stake and focus on AI research.
- The transaction is expected to close in Q1 or Q2 2025, pending regulatory approvals.
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