Abry Partners Sells Majority Interest in AddSecure to Castik Capital
September 26, 2019
London – Paul Hastings LLP, a leading global law firm, announced today that it has represented Abry Partners II, LLC, the media, communications, business and information services focused private equity investment firm, on its disposal of a majority interest in AddSecure to funds advised by Castik Capital S.à r.l..
AddSecure is a leading European provider of premium solutions for secure data and critical communications. Castik will become the new majority shareholder of AddSecure upon closing while Abry will maintain a minority ownership position with AddSecure management also investing into the company.
The Paul Hastings team included corporate partners Anu Balasubramanian and Matthew Poxon, senior associate David Prowse and associate Hannah Lee alongside tax partner Arun Birla, financing partner Richard Kitchen and financing associates Lauren Winter and Oliver Elsaesser. DLA Piper (Sweden) advised on the Swedish law aspects of the transaction led by corporate partner Petter Kjöllerström and associates Jesper Lindbom and Petros Vardanian. The management team was advised by Cirio led by corporate partner Anders Moberg.
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