Ufenau sells Swiss IT Security Group to Triton
12 July 2021 – Walder Wyss advised Ufenau Capital Partners (Ufenau) on the sale of its majority stake in Swiss IT Security Group (SITS Group), a leading one-stop shop for IT security services in the D/A/CH region and the Benelux countries, to funds advised by Triton. The SITS Group’s Management will remain invested and continues the growth strategy together with Triton. The transaction remains subject to the relevant regulatory approvals.
Since Ufenau invested in SITS Group in 2017, SITS Group has established a leading position in Switzerland, Germany and Benelux through double-digit organic growth and 17 add-on acquisitions. With highly qualified employees at 19 locations, SITS Group has been able to establish itself as a one-stop-shop for IT security services for well-known industry customers and the public sector. Walder Wyss has already advised Ufenau on its entry into SITS Group in 2017 as well as on all add-on acquisitions in Switzerland.
The team was led by Stefan Knobloch (Partner, Corporate/M&A) and Fabienne Anner (Managing Associate, Corporate/M&A) and further included Samuel Lieberherr (Managing Associate, Corporate/M&A), Christian Hagen (Managing Associate, Corporate/M&A), Alice Vorburger (Senior Associate, Corporate/M&A), Caroline Gaul (Senior Associate, IP/IT & Data Protection) and Simone Wetzstein (Managing Associate, Employment). Ufenau was also advised by GÖRG, Sancovia Corporate Finance, Roland Berger and Stifel.