Willkie Farr & Gallagher LLP represented Insight Partners and its portfolio company Keyfactor in the transaction. Cirio has advised PrimeKey and its owners.
Keyfactor®, an Insight Partners portfolio company, and PrimeKey® agreed to combine under the Keyfactor brand while committing to increased investments across all product lines.
The transaction forms an industry-first machine identity management platform, combining Keyfactor’s certificate lifecycle automation with PrimeKey’s EJBCA. The new platform will provide end-to-end machine identity management – with flexible and highly scalable certificate issuance and automated deployment of machine identities across complex enterprise and emerging IoT and OT use cases.
This $125 million growth infusion in connection with the transaction, led by Insight Partners, adds to its initial $77 million investment in Keyfactor in 2019.
Keyfactor is the pioneer of PKI as-a-Service, and the recognized leader in certificate lifecycle automation and crypto-agility solutions. PrimeKey’s EJBCA® software offers the most powerful and flexible certificate authority (CA) supporting DevOps, IoT, manufacturing and enterprise use cases.
The Willkie team was led by partners Rosalind Kruse (Picture) and Erin Kinney and associates Anna Martini G. Pereira and Katherine Dorris.
Cirio’s team consisted of Peter Lilja (Partner, M&A), Carl-Olof Bouveng (Partner, M&A), Tove Bergman Olsson (Associate, M&A), Josephine Gejard (Senior Associate, M&A) and Anja Nousiainen Hult (Associate, M&A).
Involved fees earner: Tove Bergman Olsson – Cirio Law Firm; Carl-Olof Bouveng – Cirio Law Firm; Josephine Gejard – Cirio Law Firm; Peter Lilja – Cirio Law Firm; Anja Nousiainen Hult – Cirio Law Firm; Katherine Dorris – Willkie Farr & Gallagher; Rosalind Fahey Kruse – Willkie Farr & Gallagher; Erin Kinney – Willkie Farr & Gallagher; Anna Martini G. Pereira – Willkie Farr & Gallagher;