EQT X fund has announced its acquisition of a majority stake in Acronis. The deal will see its founders, management, and existing investors, including CVC, Springcoast, and BlackRock Private Equity Partners, retaining significant minority shares.
Acronis, established in 2003, has grown into a pivotal player in the IT sector, offering a highly integrated cybersecurity and data protection platform specifically designed for Managed Service Providers (MSPs). With data and workloads on the rise and an increasing emphasis on cybersecurity, Acronis provides a vital service by enabling businesses to outsource their IT capabilities while ensuring data security, integrity, and reliability.
Johannes Reichel, Partner and Co-Head of Technology within EQT’s Private Equity advisory team, expressed enthusiasm about the partnership, highlighting Acronis’ strong market position and value proposition to MSPs. “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.”
Acronis CEO Ezequiel Steiner echoed this excitement, emphasising that EQT’s investment would support the company’s strategic expansion and growth vision. “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.”
The transaction is expected to conclude in Q1-Q2 2025, pending regulatory approvals. This partnership promises to drive Acronis’ continued growth and innovation in the ever-evolving cybersecurity landscape.
