I-TRACING: New Horizons in Cybersecurity with Eurazeo and Oakley

Deal News | Feb 06, 2025 | CVC Capital Partners

CVC Credit, the credit arm of CVC Capital Partners, has supported Eurazeo and Oakley Capital's acquisition of I-TRACING, a major player in managed security services. Acting as the sole lender, CVC Credit provided the necessary debt facilities, showcasing its commitment and expertise in the cybersecurity market. I-TRACING is recognized for offering critical services essential for navigating long-term growth trends in cybersecurity. The acquisition aims to leverage I-TRACING’s potential to establish a leading market presence in Europe. Eva Boutillier, Managing Director at CVC Credit, expressed confidence in the company's growth prospects, while Andrew Davies, CVC Credit's Managing Partner, highlighted the synergy and collaborative strength with Eurazeo and Oakley to propel I-TRACING’s expansion.

Sectors

Cybersecurity
Private Equity & Venture Capital
Corporate Finance

Geography

Europe – Eurazeo and Oakley are characterized as prominent European investment funds, and the acquisition supports I-TRACING's ambition to dominate the European cybersecurity market.

Industry

Cybersecurity – The article focuses on I-TRACING, a managed security services provider, which is pivotal in the cybersecurity industry.
Private Equity & Venture Capital – The acquisition involves Eurazeo and Oakley Capital, both private equity firms, highlighting the sector's role in funding and supporting growth.
Corporate Finance – CVC Credit's provision of debt facilities exemplifies the corporate finance aspect, particularly in debt financing for mergers and acquisitions.

Financials

Not specified – The article mentions 'debt facilities' provided by CVC Credit but does not specify the financial details.

Participants

Name	Role	Type	Description
CVC Credit	Sole Lender	Company	The credit arm of CVC Capital Partners, providing debt facilities for the acquisition.
Eurazeo	Acquirer	Company	A European investment fund involved in acquiring I-TRACING.
Oakley Capital	Acquirer	Company	A European investment fund collaborating with Eurazeo in the acquisition of I-TRACING.
I-TRACING	Target Company	Company	A leading managed security services provider, target of the acquisition.
Eva Boutillier	Managing Director	Person	Managing Director at CVC Credit, providing insights on the acquisition.
Andrew Davies	Managing Partner and Co-Head of Private Credit	Person	Managing Partner at CVC Credit, commenting on the collaboration for the acquisition.