Private equity firm Apax Partners, the majority owner of Herjavec Group -- a Top 250 MSSP -- has raised $1.75 billion for a new fund that will target additional investments and buyout opportunities in software, Internet and tech-enabled services companies.
Will the new Apax fund seek to acquire additional MSSPs? We can't say for sure. The private equity firm's investments typically involve technology, services, healthcare and/or Internet/consumer opportunities.
Deal Recap: Apax Buys Herjavec Group
More recently, Apax Partners acquired Herjavec Group in February 2021. The MSSP -- led by Shark Tank Angel Investor Robert Herjavec -- offers cybersecurity advisory services; architecture & implementation of best-of-breed technologies; identity & access management; 24/7 managed security services; threat management and incident response.