Neqst Acquires WithSecure's Cyber Security Arm
Deal News | Jan 27, 2025 | Gernandt & Danielsson Advokatbyr
Neqst, an investment firm with a focus on profitable growth companies in software and IT services particularly in the Nordic region, has successfully acquired a cyber security consulting business from WithSecure Corporation. The acquired unit comprises about 250 employees spread across various international locations including Finland, UK, Sweden, Denmark, Singapore, Italy, and the US. Gernandt & Danielsson Advokatbyrå, a legal advisor firm, facilitated this transaction. Their advisory team included partners Carl Westerberg and Oscar Anderson, with significant input from partner Foad Hoseinian and senior associates Mikael Nagy, Oliver Cherek Sutalo, Astrid Svensson, and Gustav Lindgren among others. This acquisition underscores Neqst's strategic expansion in the growing IT security sector across numerous markets.
Sectors
- Cyber Security
- Private Equity
- Legal Services
Geography
- Nordic Region – Neqst focuses on the Nordic area for its investments, and the cyber security business has operations in Sweden, Denmark, and Finland.
- International – The acquisition involves employees located in multiple countries including the UK, US, Italy, and Singapore, indicating the global reach of the company.
Industry
- Cyber Security – The acquired business operates in the cyber security industry, providing consulting services focused on protecting digital assets and infrastructure.
- Private Equity – Neqst, the acquiring firm, is an investment company specializing in sectors of profitable growth, particularly within software and IT services, which are typical focuses for private equity firms.
- Legal Services – Gernandt & Danielsson Advokatbyrå, acting as a legal advisor in this acquisition, falls into the legal services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Neqst | Acquiring Company | Company | An investment firm specializing in profitable growth companies within the software and IT services sectors, with an emphasis on the Nordic region. |
| WithSecure Corporation | Selling Company | Company | A corporation previously operating the cyber security consulting business now acquired by Neqst. |
| Gernandt & Danielsson Advokatbyrå | Legal Advisor | Company | The legal advisory firm that assisted Neqst with the acquisition, providing a team of partners and associates. |
| Carl Westerberg | Partner | Person | Partner at Gernandt & Danielsson, leading the advisory team for this acquisition deal. |
| Oscar Anderson | Partner | Person | Partner at Gernandt & Danielsson, part of the advisory team for the acquisition deal. |
| Foad Hoseinian | Partner (Competition/FDI) | Person | Partner at Gernandt & Danielsson, providing expertise in competition and foreign direct investment. |
| Mikael Nagy | Senior Associate | Person | Senior Associate at Gernandt & Danielsson contributing to the advisory team. |
| Oliver Cherek Sutalo | Senior Associate | Person | Senior Associate at Gernandt & Danielsson contributing to the advisory team. |
| Astrid Svensson | Senior Associate (IP) | Person | Senior Associate specializing in Intellectual Property (IP) at Gernandt & Danielsson. |
| Gustav Lindgren | Senior Associate (Employment) | Person | Senior Associate specializing in employment law at Gernandt & Danielsson. |
| Sofia Hagelqvist | Associate (Competition/FDI) | Person | Associate at Gernandt & Danielsson, focusing on competition and FDI matters. |