Investcorp raises a €240m single-asset continuation fund to support HWG Sababa in the next phase of growth - Middle East Business News and Information
The sale, in which ITP V sold the entirety of its interest in the Company, marks the first exit by ITP V, an oversubscribed $570M fund managed by Investcorp and closed in 2024.
The Fund, which closed in June 2025, is managed by Investcorp and is anchored by commitments from funds advised by Hayfin Capital Management ('Hayfin') and Coller Capital ('Coller'). The Fund includes participation from certain investors in ITP V, from Investcorp Technology Partners ('ITP') employees and from new investors, including Hayfin and Coller, among others. Members of the Company management team will continue to hold a significant stake in the Company, alongside the Fund.
The transaction provided existing investors in ITP V with the opportunity to realize strong returns on their investment in the Company and gives the Fund and its investors the opportunity to back a high-performing asset with significant potential for further value creation.
Having supported the Company since ITP V's investment in 2022, Investcorp, alongside the Fund, will continue to support and actively contribute to the Company in its next phase of growth, which includes further development of existing solutions, with a strong focus on Operational Technology, investment in technology & innovation and internationalization of the firm primarily in Europe and the Middle East, organically and through acquisitions.
Founded in 2008 and headquartered in Verona, Italy, the Company is a leading independent provider of end-to-end cybersecurity solutions in Southern Europe, with strong expertise in security operations centre solutions for IT, IoT and OT environments. The Company serves mid-sized enterprises across sectors, including critical infrastructure, energy, finance, manufacturing and more. Since acquiring the business in 2022, ITP V collaborated with the Company's management team to drive growth organically and through acquisitions, growing revenue sixfold and completing four add-on acquisitions, including the acquisition of Sababa Security S.p.A. in 2023.
Gilbert Kamieniecky, Head of Investcorp's European Private Equity business, said: ' The creation of a dedicated continuation fund for HWG Sababa highlights the Company's strong growth and our successful partnership with Enrico, Alessio, and the team. The strong demand for the fund reflects HWG Sababa's quality, and we're pleased to partner with Hayfin and Coller Capital to support its continued growth. '
Yusef al Yusef, Global Head of Distribution at Investcorp, said: ' We are proud of the strong partnership we have built with Enrico and Alessio, confirmed by HWG Sababa's positioning as a leading cybersecurity solution provider in Southern Europe. We're excited to remain involved through the management of this continuation fund and to collaborate with Hayfin and Coller Capital as we support the next stage of the company's development. '
Enrico Orlandi, Chairman of HWG Sababa added: ' We are very proud of the journey we've taken alongside ITP, whose support has been instrumental in helping us achieve our objectives. We believe this continuation fund is the right solution to fuel HWG Sababa's next phase of growth. '
Alessio Aceti, CEO of HWG Sababa, added: ' This milestone reflects the shared commitment and hard work of our management team and the entire company, of whom we are immensely proud. We remain determined to strengthen our leadership in IT cybersecurity, OT, and SOC services—both in Italy and internationally. '
About Investcorp:
Investcorp is a global investment manager specializing in alternative investments across four asset classes: Private Equity (Mid-Market Buyouts, Growth Investments, and GP Staking), Real Assets (Infrastructure and Real Estate), Credit (CLOs, Broadly Syndicated Loans & Structured Credit, and Middle-Market Direct Lending), and Liquid Strategies (Absolute Return Investments and Insurance Asset Management).
Since our inception in 1982, we have focused on generating attractive returns for our clients and seeking to create long-term value in our portfolio companies by adopting a disciplined investment process, employing talented professionals, and utilizing the resources of a global institution with an innovative approach.
We invest capital in our products and strategies, aligning interests with our clients and other stakeholders. We pursue sustainable value creation through our investments and in the communities in which we operate and take pride in partnering with clients to deliver tailored solutions for their needs.
Today, Investcorp manages approximately $57 billion in assets, including assets managed by third party managers. Investcorp has 14 offices in the US, Europe, GCC and Asia, including, India, China, Japan and Singapore and employs approximately 500 people from 50 nationalities globally.
About HWG Sababa:
HWG Sababa is a full-service, vendor-agnostic cybersecurity provider based in Italy, specializing in IT, OT, and IoT security. With an end-to-end approach, the company delivers advanced solutions across different core areas: Defence Centre / SOC, Audit, Offensive & Governance, and Security Implementation & Management.
HWG Sababa's growth has been further supported by targeted M&A initiatives aimed at strengthening technical capabilities and enhancing geographic proximity to clients.
The company primarily serves medium to large Italian enterprises operating in highly industrialized and regulated sectors with mission-critical infrastructures.
Headquartered in Milano, HWG Sababa has offices in Verona, Genoa, Rome, Bergamo, Bari, Turin, Tashkent, Vilnius, Dubai, and Madrid.
About Hayfin Capital Management:
Hayfin Capital Management ('Hayfin') is a leading alternative asset management firm with c. €32 billion in assets under management. Hayfin focuses on delivering attractive risk-adjusted returns for its investors across its private debt, liquid credit and private equity solutions businesses.
Hayfin has a diverse international team of over 200 experienced industry professionals with offices globally, including headquarters in London and offices in Chicago, Dubai, Frankfurt, Luxembourg, Madrid, Milan, Munich, New York, Paris, Stockholm, San Diego and Tokyo.
About Coller Capital:
Coller Capital is a global leader in the secondary market for private assets, renowned for being a pioneer and innovator in the asset class. Founded in 1990, Coller provides investment and liquidity solutions to private market investors worldwide, and currently manages $40 billion in private equity, private credit, and other private market vehicles. With headquarters in London and offices across North America, Europe, and Asia-Pacific, our multinational team offers a truly global reach.
Coller has exclusively focused on secondary investing since inception and today boasts one of the largest dedicated investment teams in the asset class.
Coller's Private Wealth Secondaries Solutions (PWSS) business offers perpetual funds to eligible private wealth investors globally.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al-Ahram Weekly
4 hours ago
- Al-Ahram Weekly
EU says China's links with Russia now 'determining factor' in ties - International
EU chief Ursula von der Leyen warned on Thursday that China's ties with Russia were now the "determining" factor in its relations with the European Union, as she wrapped up a tense summit in Beijing that also saw China agree to speed up exports of rare earth minerals to the bloc. China's leadership has sought to draw the European Union closer as it positions itself as a more reliable partner than the United States and a bedrock of stability in a troubled world. But while nominally intended to celebrate 50 years of diplomatic ties, the EU has made clear there are deep divisions over trade, fears that cheap, subsidised Chinese goods could overwhelm European markets and Beijing's tacit support for Russia's war against Ukraine. Brussels says China's deepening political and economic relations with Moscow since the 2022 invasion have helped Russia's economy weather sweeping Western sanctions. Beijing denies that claim. Wrapping up that summit, von der Leyen told a news conference in Beijing that the bloc had made clear that the issue was now the "determining" factor in its relations with China. She and European Council President Antonio Costa expressed "our expectations that China would follow up on our concerns and the expectation that it would use its influence to bring Russia to accept a ceasefire, to come to the negotiation table, enter peace talks and put an end to the bloodshed", von der Leyen said. She also said the bloc agreed with Beijing to an "upgraded" mechanism for Chinese exports of rare earth minerals -- another key sticking point in ties. China dominates the global industry for extracting and refining rare earths. Since April, it has required licences to export some of the strategic materials, triggering anxiety among businesses worldwide. "If there is a delay... we have now established a mechanism where the companies can immediately ask us to mediate and to find out why there's a delay on the delivery of the critical raw materials," von der Leyen said. And Costa said the officials had raised human rights concerns with Chinese counterparts. 'Deepen cooperation' China, in contrast, framed Thursday's summit as a way for the bloc and Beijing to deepen trust in a turbulent world. Welcoming von der Leyen and Costa at Beijing's ornate Great Hall of the People, President Xi Jinping said "the more severe and complex the international situation is, the more important it is for China and the EU to strengthen communication, increase mutual trust and deepen cooperation". "The challenges facing Europe at present do not come from China," he said, calling on both sides to "make correct strategic choices". Costa also stressed to the Chinese leader that the EU wanted to see "concrete progress on issues related to trade and the economy, and we both want our relationship to be... mutually beneficial". Chinese Premier Li Qiang told the EU leaders in a separate meeting that "close cooperation" was a "natural choice" for the two major economies. "As long as both China and the EU earnestly uphold free trade, the international economy and trade will stay dynamic", he said. - Climate agreement - In rare agreement, China and the EU vowed to "step up" efforts to address climate change. The warming planet is historically an area of convergence between Brussels and Beijing, with both willing to cooperate on combating climate change. Chinese and European leaders agreed on enhancing bilateral cooperation in energy transition and committed to accelerating global renewable energy deployment, a joint statement said. The EU also flagged its yawning trade deficit with China that stood at around $360 billion last year and which von der Leyen described as "unsustainable". Beijing dismissed those concerns, insisting that Brussels must "rebalance its mentality", not its economic ties with China. If EU concerns were not addressed, "our industry and citizens will demand that we defend our interests", von der Leyen told Premier Li. The EU has imposed hefty tariffs on electric vehicles imported from China, arguing that Beijing's subsidies unfairly undercut European competitors. China has rebuffed that claim and announced what were widely seen as retaliatory probes into imported European pork, brandy and dairy products. Follow us on: Facebook Instagram Whatsapp Short link:
See - Sada Elbalad
20 hours ago
- See - Sada Elbalad
SCZone Delegation Taps Chinese Manufacturers to Boost Local Industry
Taarek Refaat A high-level delegation from Egypt's General Authority for the Suez Canal Economic Zone (SCZONE), led by Chairman Waleid Gamal El-Dien, continued its investment promotion tour across China by visiting Zhejiang Province to deepen industrial cooperation, particularly in the automotive and green energy sectors. This initiative aims to localize key manufacturing industries in Egypt, increase export capacity, and support the country's strategy to become a hub for electric vehicle and renewable energy production. The delegation kicked off the third day of the tour in Ninghai, where they visited the headquarters of KIBING Group, the world's second-largest producer of flat glass and the third-largest manufacturer of solar panel glass. Gamal El-Dien revealed that KIBING is set to establish the region's largest solar glass factory in the Ain Sokhna Integrated Zone, under SCZONE. The plant will span 800,000 square meters, with an expected investment of $685 million, creating up to 3,000 direct jobs upon full operation. Approximately 80% of the plant's output will be exported, primarily to European and American markets, with the remaining 20% allocated to the domestic Egyptian market, a share that could increase based on local demand. The factory is expected to rely on Egyptian silica sand as a key input, contributing to the localization of the green energy industry. Coordination is underway with national authorities to secure energy and infrastructure needs for the project. The delegation also visited Lynk & Co, an advanced vehicle manufacturing facility operated by Zhejiang Geely Holding in partnership with Sweden's Volvo. The visit focused on understanding cutting-edge automotive production processes and identifying investment requirements such as land, utilities, workforce needs, and technological transfer, core to Egypt's strategy of building a strong local auto industry. Later in the day, the SCZONE team participated in a high-level roundtable organized by the Ningbo Foreign Affairs Office, with participation from senior officials including Yi Qijun, Director General for Europe and Africa Cooperation. The session brought together six of China's leading auto parts manufacturers, including: Joyson (electronics, safety systems, displays), Minth Group (structural components, plastics; operates in the US, Mexico, Japan, Germany), Tuopu Group, Jifeng Co. (seating and interior systems), Ruitai (suspension and steering), Wuhan Auto. Discussions centered on the potential for localizing auto parts manufacturing within SCZONE, viewed as essential for supporting a full-fledged automotive production ecosystem. During the session, Waleid Gamal El-Dien gave a comprehensive presentation highlighting SCZONE's strategic geographic position, integrated industrial-port infrastructure, and access to major global markets through free trade agreements. He emphasized Egypt's long-term goal: to position the country as a regional base for advanced and electric vehicle manufacturing and a critical supplier in global automotive and energy value chains. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
Al-Ahram Weekly
a day ago
- Al-Ahram Weekly
Juventus make Conceicao loan permanent - World
Portuguese international Francisco Conceicao, who spent last year on loan at Juventus, has completed a full transfer from Porto, the Serie A club has announced. The 22-year-old winger, who has 11 caps for Portugal and scored seven goals in 40 appearances in all competitions for Juventus last season, has signed a deal taking him up to 2030. "Juventus announce that they have reached an agreement with FC Porto for the permanent acquisition of Francisco Conceicao," Juve said in a statement released on Tuesday evening. Juventus, the only Italian club listed on the stock exchange, said it had paid "30.4 million euros ($35.6 million) payable in four annual instalments", in addition to 1.6 million euros in fees and other costs. Chico continues in ⚪️⚫️ Francisco Conceicao is here to stay! ✍️🏡 — JuventusFC 🇬🇧🇺🇸 (@juventusfcen) July 22, 2025 According to the Italian press, Juventus are also close to finalising the transfer of another player from Porto, Portuguese right-back Joao Mario while defender Alberto Costa is expected to go in the other direction. Juve, now coached by Igor Tudor, have already strengthened their attacking line with the signing of Canadian international Jonathan David from French side Lille. (For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.) Follow us on: Facebook Instagram Whatsapp Short link:
