News
Carlyle enters into exclusive nego a ons to...
July 2023 by Marc Jacob
Global investment rm Carlyle announced today that it has [entered into exclusive nego a ons to acquire PR0PH3CY, a leading “one-stop-shop” cybersecurity services business in France. As part of the transac on, PR0PH3CY will launch its company rebrand, under the new name “NEVERHACK”, re ec ng its evolu on into becoming a pure-play cyber security services business. The terms of the transac on were not disclosed.
Based in Paris, PR0PH3CY is a fast-growing cybersecurity services company, opera ng across the en re cyber services value chain with exper se in cyber strategy, risk and iden ty management, audit and con gura on of security so ware and hardware (Net/DevSecOps), training and upskilling services, and AI tools. With more than 600 employees, including c. 370 consultants, PR0PH3CY has nine o ces across Europe and Canada. The company serves a highly diversi ed blue-chip customer base from a range of sectors, including Financial Services, Transport and Consumer Goods.
The Carlyle Europe Technology Partners (“CETP”) pla orm will support PR0PH3CY’s growth as a leading one-stop-shop cybersecurity services business to establish a category leader and consolidator in the cybersecurity sector. Carlyle will work with management to con nue the company’s buy-and-build strategy to gain further scale, broaden its service por olio, and expand interna onally.
Carlyle will leverage its longstanding track record of cybersecurity investments, including in 1E, ManTech, Coal re, iC Consult, NetMo on, ITRS, Booz Allen Hamilton and Hack The Box.
The transac on is subject to works council consulta on and customary regulatory approvals.
