Law firm advises PE firm on sale of pan-European cybersecurity business

Gowling WLG’s international corporate practice has led a cross specialism and jurisdictional team advising Rigby Private Equity on the sale of Nuvias Group, a cybersecurity and intelligent networking solutions business, to European private equity backed distributor Infinigate Group AG.

The sale will combine two international businesses and form a cyber-security business which spreads across Europe and EMEA with an anticipated turnover in the region of Euro 1.4bn.

Nuvias’ European Unified Communications business will remain with Rigby and Rigby will become a shareholder in Infinigate.

The sale is subject to regulatory approval but is expected to close in the fourth quarter of this year.

Birmingham-based Gowling WLG is a long standing adviser to Rigby and has previously advised Rigby on a number of sales from its portfolio of businesses, including the sale of data connectivity platform FluidOne in 2019.

Rigby client partner Ragi Singh led the deal.

Steve Rigby, co-CEO Rigby Group, said:”We knew this project would be complex given it involved a sale of business spanning numerous countries, a carve out, a reinvestment and regulatory approval.  Our previous experience of Ragi and the wider Gowling team meant we were confident they had the expertise and resources to deliver in all respects against a challenging timetable.”