Investcorp has completed the sale of a majority stake in HWG Sababa S.r.l., a leading Italian cybersecurity provider, to an oversubscribed €240m continuation fund aimed at supporting the Company's growth and value creation.

Target Company Information

HWG Sababa S.r.l., founded in 2008 and headquartered in Verona, Italy, is a prominent independent provider of comprehensive cybersecurity solutions in Southern Europe. The Company specializes in security operations center solutions for IT, IoT, and operational technology (OT) environments, catering to mid-sized enterprises across various sectors including critical infrastructure, energy, finance, and manufacturing. Under the stewardship of Investcorp Technology Partners Fund V since 2022, HWG Sababa has seen significant growth, achieving a sixfold increase in revenue and completing four strategic acquisitions, notably the acquisition of Sababa Security S.p.A. in 2023.

Industry Overview

The cybersecurity landscape in Italy has been experiencing robust growth, propelled by increasing digitalization across various industries and an uptick in cyber threats. With the Italian government taking significant measures to reinforce cybersecurity frameworks, businesses are now mandated to invest in defensive technologies, which is fostering expansion in the sector. The demand for sophisticated cybersecurity solutions has led to a surge in both domestic and international investments aimed at enhancing capabilities against evolving cyber risks.

Moreover, Southern Europe is witnessing a heightened awareness of cybersecurity importance among organizations, leading to a greater push for comprehensive solutions. HWG Sababa’s strong portfolio positions it well within this competitive market, as e