360 Advanced Secures Strategic Growth Investment from Bregal Sagemount
Deal News | Jan 07, 2025 | Bregal Sagemount
Bregal Sagemount, a growth-focused private equity firm, has announced a minority growth investment in 360 Advanced through its Basecamp fund. 360 Advanced, a St. Petersburg-based firm, provides cybersecurity and compliance services, focusing on high-quality and tailored client services. This collaboration is anticipated to enhance 360 Advanced's growth capacity and maintain its strong market position in the rapidly growing cybersecurity sector. The investment will enable 360 Advanced to operate with an alternative practice structure, offering services through 360 Advanced Cybersecurity, LLC, and continuing their attest services via 360 Advanced, Inc., a CPA firm. Legal counsel for Bregal Sagemount was provided by Goodwin Procter LLP and Vedder Price PC, while Hunton Andrews Kurth, and Shumaker, Loop, and Kendrick advised 360 Advanced. DC Advisory acted as the financial advisor to 360 Advanced.
Sectors
- Cybersecurity
- Compliance Consulting
- Private Equity
Geography
- United States – Both Bregal Sagemount and 360 Advanced operate in the United States, with 360 Advanced headquartered in St. Petersburg, Florida.
Industry
- Cybersecurity – 360 Advanced specializes in delivering cybersecurity services, making this a key industry focus of the article.
- Compliance Consulting – The article highlights 360 Advanced's expertise in compliance frameworks, relevant to industries such as healthcare, financial services, and government sectors.
- Private Equity – Bregal Sagemount's investment in 360 Advanced represents a significant transaction within the private equity sector.
Financials
- [Not disclosed] – The exact financial terms of the investment were not disclosed.
- $7.5 billion – The cumulative capital raised by Bregal Sagemount.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bregal Sagemount | Investing Company | Company | A leading growth-focused private equity firm providing strategic capital. |
| 360 Advanced | Target Company | Company | A specialized consulting firm focused on cybersecurity and compliance services. |
| Goodwin Procter LLP | Legal Advisor | Company | Provided legal counsel for Bregal Sagemount. |
| Vedder Price PC | Legal Advisor | Company | Provided additional legal services for Bregal Sagemount. |
| Hunton Andrews Kurth | Legal Advisor | Company | Provided legal counsel for 360 Advanced. |
| Shumaker, Loop, and Kendrick | Legal Advisor | Company | Provided additional legal services for 360 Advanced. |
| DC Advisory | Financial Advisor | Company | Served as financial advisor to 360 Advanced. |
| Zuhair Khan | Co-Head of Sagemount Basecamp Fund | Person | Involved in managing relationships and investments for Bregal Sagemount. |
| Dan Collins | CEO of 360 Advanced | Person | Oversees the strategic direction and operations at 360 Advanced. |