Cybersecurity has proved to be a rich hunting ground for buyout firms and Quadrant Private Equity’s Bastion Security Group is making a major push for market share across the ditch.
Street Talk understands the New Zealand-based company has put the final touches on a drawn-out process to acquire fast-growing Melbourne cybersecurity business Cythera in a deal worth at least $40 million.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com