SWISS IT SECURITY GROUP (SITS)
Acquired by
TRITON PARTNERS
SWISS IT SECURITY GROUP (SITS) acquired by TRITON PARTNERS
Target
SWISS IT SECURITY GROUP (SITS)
Acquirer
TRITON PARTNERS
Context
Triton Partners has acquired a majority stake in Swiss IT Security Group (SITS) from Ufenau Capital Partners. The transaction values the company at over EUR450 million. This exit represents a phenomenal return for Ufenau, generating a 12x Money Multiple and an IRR of >150% in just 4 years. Management remains invested alongside Triton.
SWISS IT SECURITY GROUP (SITS), which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 13.1x average currently observed in the TMT (Tech, Media, Telecom) sector.
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Target
Headquartered in Wettingen, Switzerland, SITS is a leading provider of comprehensive cybersecurity services. The group offers strategic consulting, implementation of security solutions, and managed security services (MSSP) to corporate clients, SMEs, and public organizations. At the time of the deal, SITS employed 500 staff across 19 offices in Switzerland, Germany, Austria, Belgium, and the Netherlands. The company was built through an aggressive buy-and-build strategy, integrating 17 add-on acquisitions during Ufenau's ownership.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with SWISS IT SECURITY GROUP (SITS)
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.