HIG Europe, the European arm of HIG Capital, and Swiss network and security VAD Infinigate (which is also present in Austria, Denmark, Finland, France, Germany, Norway, Sweden and the United Kingdom) have entered into a comprehensive strategic partnership. HIG will support the management team of Infinigate over the coming years as the company strives to maintain its steep growth trajectory by expanding its presence in new and existing geographical markets. Infinigate will benefit from the strategic and financial resources of HIG as well as its experience in implementing successful buy and build strategies. In addition, Infinigate will have access to HIG's substantial expertise and extensive network in the technology sector. The Infinigate management team, headed by founder and CEO David Martinez, will continue to lead the company in the future and the main shareholders remain involved in the company.
Dr. Holger Kleingarn, Managing Director at HIG, commented on the transaction: "Infinigate has demonstrated impressive performance over the past two decades. The European IT security solutions market has enormous growth potential. HIG will support Infinigate in continuing to share in that growth and pushing ahead with its geographical expansion through organic growth as well as acquisitions. HIG is very much looking forward to the partnership and cooperation with Mr Martinez and his team." David Martinez, the founder and CEO of Infinigate, added: "On the basis of our strong historical track record, we have decided to accelerate our European expansion strategy over the coming years backed by an investor that supports our strategy as well as our independency in the market. We are delighted to partner with HIG, an experienced global investor, in implementing this strategy. Through the partnership, which has been facilitated by our advisor GP Bullhound, Infinigate will benefit not only from HIG's financial resources, but also from its substantial experience in the technology sector, in the development of new markets and, most importantly, in new acquisitions."
HIG will acquire a significant shareholding in Infinigate as part of the strategic partnership. The transaction is subject to approval by the regulatory authorities. The parties have agreed not to disclose further details of the transaction.