Deal Details

MetaCompliance Sells Majority Stake to Keensight

Technology & Services

MetaCompliance, a portfolio company of Tenzing, sale of majority stake to Keensight

Summary

MetaCompliance Ltd. (“MetaCompliance” or the “Company”), a portfolio company of Tenzing Limited (“Tenzing”), has sold a majority stake to Keensight Capital SAS (“Keensight Capital” or “Keensight”). The transaction is subject to various regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to MetaCompliance on this transaction.

About

Founded in 2005, MetaCompliance delivers cybersecurity and compliance software, focusing on user training and human risk management. The MetaCompliance platform enables companies to train their employees around cyber threats and to comply with regulatory requirements, thereby protecting against data breaches and avoiding hefty fines and reputational damage. The Company’s product suite stands out by combining security awareness training with compliance solutions, including management workflow modules designed for data privacy compliance. MetaCompliance is headquartered in Northern Ireland.

Tenzing backs European B2B software and tech-enabled businesses valued between £10m and £200m. Tenzing seeks to partner with niche market leaders that have a track record of organic growth and high recurring revenue. Today, Tenzing has £1.7bn AuM and 18 portfolio companies. The firm's namesake, Tenzing Norgay, the Nepalese mountaineer who guided Sir Edmund Hillary on the first ascent of Mount Everest, symbolises the firm's commitment to guiding its portfolio businesses to the summit of their ambitions. With hubs in Munich and Stockholm, Tenzing is headquartered in London, United Kingdom.

Keensight Capital, one of the leading European Growth Buyout firms, is committed to supporting entrepreneurs as they implement their growth strategies. With over 25 years of experience and €5.5bn of assets under management, Keensight Capital’s team of seasoned professionals leverages their differentiated private equity experience to invest in profitably growing companies generating revenues in the range of €10 million to €400 million. Drawing on its expertise in the Technology and Healthcare sectors, Keensight identifies the best investment opportunities in Europe and works closely with the management teams providing capital, strategic guidance and operational support. Keensight operates in more than 90 countries across the globe with a presence in Paris, London, Boston, and Singapore. Keensight is headquartered in Paris, France.

Technology & Services

MetaCompliance, a portfolio company of Tenzing, sale of majority stake to Keensight