Apax Partners Acquires Majority Stake in Herjavec Group
February 11, 2021
Funds advised by Apax Partners signed a definitive agreement to acquire a majority stake in Herjavec Group, a global managed security services provider. Founder and CEO Robert Herjavec will remain a significant stakeholder and CEO; financial terms were not disclosed. Apax said it will support international expansion, add security and identity resources, and advance HG's proprietary platforms.
- Buyers
- Apax Partners
- Targets
- Herjavec Group
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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