Golding announces successful exit for buyout co-investment strategy
Daniel Boege is Partner & Head of Buyout at Golding Capital Partners
Munich - Golding Capital Partners, one of Europe's leading independent asset managers for alternative investments, has announced the second successful exit from its ‘Buyout Co-Investment 2020’. The private equity manager Livingbridge reported the partial sale of its portfolio company Quorum Cyber in June. Golding Capital Partners was a co-investor in the business via its Golding Buyout Co-Investment 2020 vehicle. The new lead investor is the US private equity fund Charlesbank Capital Partners. The transaction also includes a reinvestment by Livingbridge and Golding.
We have accompanied the successful operating performance of Quorum Cyber with great enthusiasm since 2022 and are proud to have generated liquidity for our investors in this complex market environment. At the same time we are delighted to accompany as an investor the company’s continued development going forward. Quorum Cyber is one of the first portfolio companies in ‘Golding Buyout Co-Investment 2023’, which will give our investors access to a broadly diversified portfolio, with a focus on businesses in fast-growing sectors in Europe and the USA.
Daniel Boege, Partner & Head of Buyout at Golding
The cyber-security provider Quorum Cyber was founded in 2016 and protects more than 150 companies worldwide against cybercrime. The company is one of the leading specialists for security solutions related to the Microsoft cyber-security product portfolio in the UK, and has more than tripled its global workforce since Livingbridge’s investment in 2022. The transaction raised additional capital to develop new cyber-security services and turbo-charge the company’s dynamic expansion in the USA.
Golding Buyout Co-Investment 2023 is making good progress with its portfolio construction. In addition to Quorum Cyber, the programme has invested in two more software companies in Scandinavia and Spain, as well as in an Austrian packaging business and a global provider of testing, inspection, certification and compliance services.
