AFINUM takes majority stake in SEQURIO
Context
Afinum took control of Sequrio, the Frankfurt-based provider of data protection, information security and cybersecurity services, in a transaction announced in April 2026 and made through its Afinum X fund. It was the third platform investment of that vehicle, and was structured to fund the company’s acquisition strategy alongside its organic growth. Lilian Halex and Alexander Greis continued as managing directors. At the time of the deal, Sequrio had already brought together three businesses, aigner business solutions, msecure and scope & focus, employing more than 40 specialists and serving over 500 clients. Afinum based its investment on the fragmentation of a market where no clear leader had emerged, and on the prospect of building a national player through further acquisitions. KPMG, Lark and Singular advised on the transaction, while Houlihan Lokey acted as debt adviser to Sequrio, arranging the financing for its next phase of growth.
SEQURIO, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).
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Target
Founded in 2025 and headquartered in Frankfurt, Sequrio advises organisations on data protection, information security and cybersecurity, and runs their security operations. Its consultants help clients meet the obligations imposed by data protection and security regulation, including the governance of artificial intelligence systems, audit their exposure and build their resilience, while its technical teams monitor, protect and respond to threats on their systems. Its clients are mainly German organisations subject to regulatory requirements.
Ent. Value
€1–100M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
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Other operations with AFINUM
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2026 | AFINUM | P36 | GERMANY | Healthcare |
| 01/2026 | AFINUM | ERGON | SWITZERLAND | Cybersecurity Services |
| 01/2026 | AFINUM | DPS ENGINEERING | GERMANY | Financial Services / Banking |
REFERENCES
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: sequrio
Acquirer: afinum