Stibbe advises H.I.G. Capital’s portfolio company Infinigate, a leading pan-European IT Security VAD (Value Added Distributor), on the acquisition of CRYPSYS, a Dutch Security VAD.
CRYPSYS is a successful VAD with a sole market focus on IT Security and is therefore a perfect match with Infinigate’s strategy. CRYPSYS is based in Gorinchem, the Netherlands, and was founded in 1989. Rob Westerhoff, the Director will stay on board and continue to lead and further develop the company.
The economic strength of the Netherlands makes this an important market in Europe and to establish a local presence was a central target of Infinigate’s expansion strategy. With the acquisition of CRYPSYS Infinigate closes a significant geographical gap in northern Europe and further expands its presence to 10 countries.
Infinigate has outperformed industry average growth with an annual rate between 20%-30% for the last 10 years. This strong growth continued in the first 6 months of the current fiscal year (01 April – 31 March) and Infinigate therefore expects to close the fiscal year with revenue above EUR 400 million.
Stibbe advised Infinigate on the deal with a team led by Björn van der Klip (picture), Jeroen Smits, Paul Quist, Rein van Helden, Boris Cammelbeeck, Lotte Boon, Robert Steeg, Bas Buirma and Johanne Boelhouwer.
Involved fees earner: Björn van der Klip – Stibbe; Bas Buirma – Stibbe; Paul Quist – Stibbe; Jeroen Smits – Stibbe; Lotte Boon – Stibbe; Rein van Helden – Stibbe; Robert Steeg – Stibbe; Boris Cammelbeeck – Stibbe; Johanne Boelhouwer – Stibbe;
Law Firms: Stibbe;