Ashurst advised CAPZA as lender on the financing of the acquisitions of ICSynergy, Inc., ICSynergy International, LLC (ICSynergy) and SecureITsource, Inc. (SecureITsource) by iC Consult, a portfolio company of The Carlyle Group and the world’s leading global service and consulting company in the field of Identity & Access Management (IAM). The transactions expand iC Consult’s footprint in the North American market and support the company’s wider global growth objective. The parties have agreed not to disclose the terms and conditions of the financing.
ICSynergy is a leading integrator of successful IAM based digital transformation products and solutions. Founded in 2000 and headquartered in Plano, Texas, the company offers a wide scope of Advisory, Architecture, Implementation and Professional Services. The IAM integrator has successfully delivered over 1,000 complex IAM and PAM (Privileged Access Management) projects and closely aligns its solutions with both the business and technology priorities of the customers.
SecureITsource is a North American provider of IAM services. Headquartered in Roswell, Georgia, the company was founded by a team of experienced IAM practitioners in 2015 to raise the bar and change the status quo in Identity Management Consulting and Professional Services. Over the past several years, SecureITsource has achieved an impressive year-over-year growth rate.
iC Consult, headquartered in Munich, Germany, serves as a trusted advisor for all aspects of IAM and combines a broad portfolio of services and solutions with deep technical expertise. The company employs over 500 people at fifteen locations worldwide and is currently rapidly driving the internationalization of its business.
CAPZA is an asset management company focused on private investments in European small and medium-sized companies. With offices in Paris, Munich, Milan and Madrid, CAPZA manages assets of around €4.7bn for institutional investors in Europe and globally.
The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by senior associate Franziska Sauer (both Global Loans, Munich) and associate Sascha Lotholz (Global Loans, Frankfurt). Partner Michael Neary, associate Ana Namaki (both Global Loans, New York) and paralegal Richard Lackey (Global Markets, New York) advised on the New York law aspects of the financing.
Ashurst’s German banking and finance practice advises both banks and alternative lenders, private equity investors and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lending.
