EQT Acquires Majority Stake in Acronis, Strengthening Partnership for Future Growth

EQT Acquires Majority Stake in Acronis, Strengthening Partnership for Future Growth

(IN BRIEF) EQT’s EQT X fund will acquire a majority stake in Acronis, a global cyber protection company. Existing investors, including CVC, Springcoast, and BlackRock Private Equity Partners, will retain minority stakes. This partnership aims to support Acronis’ growth and innovation in cybersecurity and data protection. The transaction, valued above Acronis’ last growth funding round in 2022, is expected to complete in Q1-Q2 2025 pending regulatory approvals. Acronis supports over 20,000 service providers in protecting more than 750,000 businesses worldwide.

(PRESS RELEASE) STOCKHOLM, 7-Aug-2024 — /EuropaWire/ — EQT, a global investment organization, has announced that its EQT X fund will acquire a majority stake in Acronis, a leading global cyber protection company. The founders, management, and existing investors, including CVC, Springcoast, and BlackRock Private Equity Partners, will retain significant minority stakes. This transaction values Acronis above its last growth funding round completed in 2022.

Founded in 2003, Acronis is renowned for its cybersecurity and data protection solutions tailored for Managed Service Providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. The company’s platform integrates cybersecurity, data protection, and endpoint management, ensuring data integrity and business continuity with minimal downtime. With a presence in over 150 countries and 15 global offices, Acronis supports more than 20,000 service providers in protecting over 750,000 businesses.

Johannes Reichel, Partner and Co-Head of Technology within EQT’s Private Equity advisory team, expressed enthusiasm for the partnership: “Acronis is a strongly positioned cybersecurity and data protection software platform with a clear value proposition to Managed Service Providers. EQT has followed the company’s journey for many years and continues to be impressed by its performance and innovative strength. We are very excited to partner with Acronis, the management team, and existing investors on its next phase of growth.”

Ezequiel Steiner, CEO of Acronis, shared his excitement: “We are thrilled to have EQT as a major shareholder to support our strategic expansion and share our vision for growth. We would like to thank our existing investors for their support to date and are pleased that many will remain invested as we move forward. But most of all, I’d like to thank the Acronis team for their work in getting us to this stage.”

Phil Goodwin, research vice president at IDC, commented on the significance of Acronis’ product suite: “Data protection is foundational to cybersecurity, and the two are increasingly tightly integrated. Acronis’ architecture of integrated data protection, cybersecurity, and remote management in a single, customizable platform enables MSPs and corporate IT departments to establish robust cyber preparedness for their business with simplicity and reliability.”

The completion of this transaction is subject to customary regulatory approvals and is anticipated to take place in Q1-Q2 2025. EQT was advised by Milbank (Legal) and Bär & Karrer (Legal).

This acquisition underscores EQT’s commitment to supporting Acronis’ vision of growth and innovation in the cybersecurity and data protection sector, enhancing the platform’s capabilities and market reach.

About EQT

EQT is a purpose-driven global investment organization with EUR 246 billion in total assets under management. EQT supports portfolio companies in achieving sustainable growth, operational excellence, and market leadership across Europe, Asia-Pacific, and the Americas.

About Acronis

Acronis is a global leader in cyber protection, offering integrated cybersecurity, data protection, and endpoint management solutions for MSPs, SMBs, and enterprise IT departments. Founded in 2003, Acronis operates in over 150 countries, protecting more than 750,000 businesses.

For more information, visit EQT’s website and Acronis’ website. Follow EQT on LinkedIn, X, YouTube, and Instagram.

Media Contact:

EQT international: 
Finn McLaughlan
EQT
finn.mclaughlan@eqtpartners.com

EQT DACH: 
Isabel Henninger
Kekst CNC
isabel.henninger@kekstcnc.com

Acronis:
Katya Turtseva
Acronis
et@acronis.com

SOURCE: EQT