Oakley Capital is acquiring a majority stake in I-TRACING from a group of investors led by Eurazeo and Sagard NewGen. This transaction is structured as a strategic recapitalization where the new lead investor enters alongside the historical shareholder to establish a co-control governance framework. The founders and the existing management team, comprising approximately eighty executives and employees, are significantly reinvesting in the operation to maintain a strong alignment of interests. The investment strategy is designed to build a pan-European champion in cybersecurity services by accelerating organic growth and implementing an active M&A program. Several potential acquisition targets in complementary geographies and service niches have already been identified. This new phase of development aims to capitalize on the group's pure-player positioning and its ability to attract top-tier technical talent in a rapidly expanding global market. The partnership will leverage the combined international networks and financing capabilities of all three institutional investors to support the group's ambitious expansion roadmap.

Eurazeo and Sagard NewGen are acquiring a 51% controlling interest in I-TRACING from Keensight Capital. The transaction was structured as a secondary LBO following a restricted competitive process that deliberately focused on financial sponsors rather than industrial buyers. The management team and founders are significantly reinvesting in the operation to retain the remaining 49% of the capital. The investment strategy is focused on accelerating the group's international footprint, particularly in Europe, North America, and Asia, to better serve its global corporate clients. The plan also includes an active external growth strategy to complement the existing service range and enter new geographical markets. The financing of the transaction included a unitranche debt facility provided by a major European private debt investor to support both the acquisition and future development needs.