Private equity deal news and insights from the London newsroom

PSG to buy stake in cybersecurity biz Glasswall; Ardian- and Bridgepoint-backed Argon in add-on; Tariffs upping due diligence time, says Datasite

Morning all, Craig McGlashan here filling in for Nina Lindholm on the Europe Wire from the London newsroom.

We’re kicking off with our second scoop of the week, as we report that PSG Equity is taking a stake in a cybersecurity company. It follows our breaking the news yesterday that GTO Partners had acquired a majority stake in Danish IT company Complea.

Next, we’ve got an add-on for Ardian- and Bridgepoint-backed management consultancy company Argon & Co. One of Argon’s areas of focus is supply chain planning – something a lot of businesses will be looking at more closely given the new environment of trade tariffs.

Sticking with that theme, we hear from Mark Williams at virtual data room provider Datasite about how tariffs are impacting M&A – including which sectors are potential winners.

Inflection point

We broke the news this morning that PSG Equity is making a strategic growth investment in Glasswall, a provider of zero-trust file protection products to the business-to-government and business-to-business sectors.

Find out about how PSG plans to grow the business among its traditional government and newer commercial sectors, as well as why the company has a different approach to cybersecurity, in the premium version of the Wire.

Swift add-on

Argon & Co has wasted little time since selling a minority stake to Bridgepoint in April – when existing investor Ardian reinvested a minority stake – with the company announcing an add-on just a week later.

Get the details on the add-on in the premium version of the Wire.

(Note: Bridgepoint owns PEI Group, the publisher of PE Hub.)

Hesitation

Speaking of tariffs, there has been a mixed impact on dealmaking, according to figures that virtual data room provider Datasite shared with PE Hub.

Find out the figures on deal numbers and hold rates, as well as the views of Datasite global chief revenue officer Mark Williams, in the premium version of the Wire.

Right, that’s all from me today. Michael Schoeck is on US Wire later today and Irien Joseph is in the Europe chair tomorrow.

Cheers,

Craig

Read the full Wire commentary on PE Hub ...

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“There are very strong structural tailwinds for CDR adoption. It’s 100 percent secure. It’s able to process a lot of files very quickly. Alternatives like sandboxing take way more time and CDR is 100 percent secure versus antivirus.”

— Christian Stein, managing director, PSG Equity, on the acquisition of Glasswall

Today's letter was prepared by Craig McGlashan

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