Apax Partners’ Acquisition of Herjavec Group

Dentons US LLP represented Herjavec Group, while Kirkland & Ellis LLP represented Apax in the transaction.

Funds advised by Apax Partners (the “Apax Funds”) signed a definitive agreement to acquire a majority stake of Herjavec Group (HG), an award-winning global Managed Security Services Provider (MSSP) and cyber operations leader. Founder & CEO, Robert Herjavec, will remain as a significant stakeholder and the firm’s Chief Executive Officer (CEO). The financial terms of the transaction (which is subject to applicable regulatory approvals) were not disclosed.

Founded in 2003, Herjavec Group has been recognised as one of the world’s most innovative cybersecurity companies with the sole mission of protecting enterprises globally from evolving cyber threats. 

Apax Partners LLP is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. 

Momentum Cyber served as financial advisor to Herjavec Group in connection with the transaction. UBS Investment Bank and Stifel served as financial advisors to Apax.

The Kirkland team for Apax was led by transactional partners Sri Kaushik (Picture) and Abhishek Kolay and associates Adam Holzschuh and Kartik Khanna, debt finance partner Nick Schwartz and associate Ashley Martin, technology & IP transactions partner Dan Lewis and associate Bernadette Coppola, tax partner Jared Rusman, international trade partner Ivan Schlager, and executive compensation partner Rohit Nafday.

Involved fees earner: Bernadette Coppola – Kirkland & Ellis; Adam Holzschuh – Kirkland & Ellis; Srinivas Kaushik – Kirkland & Ellis; Kartik Khanna – Kirkland & Ellis; Abhishek Kolay – Kirkland & Ellis; Daniel Lewis – Kirkland & Ellis; Ashley Martin – Kirkland & Ellis; Rohit Nafday – Kirkland & Ellis; Jared Rusman – Kirkland & Ellis; Ivan Schlager – Kirkland & Ellis; Nick Schwartz – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Apax Partners;

Author: Martina Bellini