Permira Growth Opportunities Acquires Majority Stake in BioCatch at $1.3bn Valuation
May 2, 2024
Permira Growth Opportunities II, advised by Permira, agreed to acquire a majority stake in behavioral-biometric fraud-detection firm BioCatch in a secondary transaction valuing the company at $1.3 billion. Existing investors Sapphire Ventures and Macquarie Capital are increasing their investments, while shares were bought primarily from Bain Capital Tech Opportunities and Maverick Ventures to support BioCatch's global expansion, product roadmap and continued growth.
- Buyers
- Permira Growth Opportunities II (advised by Permira), Sapphire Ventures, Macquarie Capital
- Targets
- BioCatch
- Sellers
- Bain Capital Tech Opportunities, Maverick Ventures
- Industry
- Cybersecurity
- Location
- New York, United States
- Transaction Type
- Buyout
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