Global investment firm Carlyle is in exclusive negotiations to acquire Pr0ph3cy, a leading “one-stop-shop” cybersecurity services business in France, from IK Partners’ IK Small Cap III Fund (IKSC III). As part of the deal, Pr0ph3cy will rebrand as NEVERHACK.
This transaction represents the first exit from the Development Capital pool within the IK SC III Fund, after a holding period of under two years. IK will be reinvesting alongside Carlyle and the management team. The financial terms of the deal have not been disclosed.
Based in Paris, Pr0ph3cy operates across the entire cyber services value chain with expertise in cyber strategy, risk and identity management, audit and configuration of security software and hardware (Net/DevSecOps), training and upskilling services, and AI tools. With more than 600 employees, including circa 370 consultants, Pr0ph3cy has nine offices across Europe and Canada.
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The Carlyle Europe Technology Partners (CETP) platform will support Pr0ph3cy’s growth and will work with management to continue the company’s buy-and-build strategy to gain further scale, broaden its service portfolio, and expand internationally.
The transaction is subject to works council consultation and customary regulatory approvals.
Source: Private Equity Wire
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