EQT Private Equity Divests Cybersecurity Firm Utimaco To SGT For $500M - First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR)

EQT Private Equity has agreed to sell a majority stake in cybersecurity company Utimaco to private equity firm SGT Capital.
The deal is worth $500 million, Bloomberg reports.
EQT will remain a minority investor in Utimaco.
Utimaco develops security hardware for managing sensitive data, distributing cryptographic keys, and compliance solutions for telecommunication providers.
The transaction is likely to close in Q4.

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