HWG Sababa: Investcorp Facilitates €240M Continuation Fund to Propel Growth
Deal News | Jul 10, 2025 | Investcorp
In a landmark financial maneuver, Investcorp has established a €240m single-asset continuation fund post the successful exit of Investcorp Technology Partners Fund V (ITP V) from HWG Sababa, a key player in the cybersecurity domain in Southern Europe. This transaction marks the first exit for ITP V and underscores Investcorp's ongoing commitment to catalyzing HWG Sababa’s growth. Having achieved a revenue surge and multiple acquisitions since the initial investment in 2022, HWG Sababa is poised for further expansion, particularly in Europe and the Middle East, leveraging expertise in IT, IoT, and OT security. The continuation fund garners participation from former ITP V investors, new stakeholders like Hayfin Capital Management and Coller Capital, and the company’s management, ensuring robust backing for upcoming initiatives focusing on operational technology, innovation, and strategic acquisitions.
Sectors
- Cybersecurity
- Private Equity
- Investment Management
Geography
- Italy – HWG Sababa is headquartered in Verona, Italy, and much of the company's operations are centered here.
- Europe – HWG Sababa's planned expansion and existing strong foothold in Southern Europe are highlighted.
- Middle East – Part of HWG Sababa's growth strategy involves expanding into the Middle Eastern market.
Industry
- Cybersecurity – The article focuses on HWG Sababa, a major cybersecurity provider, highlighting its growth and expansion plans supported by Investcorp.
- Private Equity – Investcorp, a private equity firm, is central to the article, facilitating the fund that will support HWG Sababa’s growth.
- Investment Management – Investcorp's creation of a continuation fund and the participation of investment bodies like Hayfin and Coller Capital emphasize this sector’s relevance.
Financials
- €240M – The size of the single-asset continuation fund managed by Investcorp for HWG Sababa’s growth.
- $570M – The total size of Investcorp Technology Partners Fund V (ITP V) closed in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investcorp | Private Equity Firm | Company | A global investment firm managing the continuation fund that supports HWG Sababa. |
| HWG Sababa S.r.l. | Target Company | Company | An Italian cybersecurity firm receiving support through the continuation fund. |
| Investcorp Technology Partners Fund V (ITP V) | Selling Company | Company | The fund that sold its majority stake in HWG Sababa. |
| Hayfin Capital Management | Investor | Company | A key investor in the continuation fund created by Investcorp. |
| Coller Capital | Investor | Company | Another anchor investor in the continuation fund supporting HWG Sababa. |
| Enrico Orlandi | Chairman | Person | Chairman at HWG Sababa involved in the fund’s creation. |
| Alessio Aceti | CEO | Person | CEO of HWG Sababa, actively leading the company's growth strategy. |