Investcorp acquires cybersecurity firm, Avira

Gilbert Kamieniecky, managing director of Investcorp Technology Partners.
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Updated 12 April 2020

Investcorp acquires cybersecurity firm, Avira

Investcorp Technology Partners, an European technology investor, announced that it has agreed to acquire Avira Holding GmbH & Co. KG and ALV GmbH & Co. KG for $180 million.
Avira is a German-headquartered, multinational cybersecurity software solutions firm serving the OEM (original equipment manufacturer) and consumer end markets, with more than 500 million endpoints protected globally.
This acquisition represents the first institutional investment in Avira since it was founded in 1986 by Tjark Auerbach.
Gilbert Kamieniecky, managing director of Investcorp Technology Partners, said: “We are delighted to announce another high-quality addition to our technology partners portfolio. Avira represents an attractive opportunity to invest in a cybersecurity business and marks our third investment in the DACH tech sector in the last 18 months. With our long history of working with cybersecurity, IoT and data-driven businesses, Investcorp is looking forward to supporting Avira’s targeted growth trajectory and expansion plans.”
Travis Witteveen, CEO of Avira, added: “We are proud to be partnering with a firm that offers such a breadth of experience working with growing technology and software firms. The investment confirms our business strategy and enables us to further accelerate our profitable growth in the consumer and OEM market segments.”


Burgerizzr picks Emirates NBD Capital Saudi Arabia as financial advisor for Nomu listing

Updated 27 October 2020

Burgerizzr picks Emirates NBD Capital Saudi Arabia as financial advisor for Nomu listing

  • Al-Ruwaigh said Emirates NBD Capital Saudi Arabia is one of the largest investment banks in the GCC region
  • Burgerizzr specializes in providing ‘made to order, fresh Beef and Chicken burgers’

RIYADH: Saudi Arabia’s Shatirah House Restaurant Company – owner and operator of the “Burgerizzr” restaurant chain – has chosen Emirates NBD Capital Saudi Arabia as the exclusive financial advisor to arrange the offering of a stake of the company through an IPO on the Saudi Parallel Market (Nomu).
Burgerizzr specializes in providing ‘made to order, fresh Beef and Chicken burgers’ and is the largest chain of fresh burger restaurants in the Kingdom. It was launched in 2009 with one branch in Riyadh. The chain has achieved high growth rates to reach 76 branches in 12 Saudi cities.
Mohammed Al-Ruwaigh, Chairman of the Board of Directors of Burgerizzr, said: “We are proud of the decision of the Board of Directors to offer shares of the company on the Saudi Parallel Market (Nomu). We believe that this step will contribute to enhancing the company’s growth and sustainability strategies and augmenting its opportunities in the most significant markets in the region.”
Al-Ruwaigh also said they appointed Emirates NBD Capital Saudi Arabia as the financial advisor for the IPO, as they are one of the largest investment banks in the GCC region and due to their unparalleled access to local KSA and regional investors.