Permira, a global private equity firm, has agreed to acquire a majority stake in BioCatch, a leader in digital fraud detection and financial crime prevention, at a valuation of $1.3 billion. The acquisition will see Permira buying out shares primarily from Bain Capital Tech Opportunities and Maverick Ventures, alongside increased investments from existing shareholders Sapphire Ventures and Macquarie Capital
This move is expected to accelerate BioCatch's global expansion, advance its product roadmap, and support overall growth. With a strong focus on cybersecurity and online fraud detection, Permira aims to leverage its resources and experience to help BioCatch expand further, especially across Continental Europe. The partnership between Permira and BioCatch is poised to strengthen the company's position as a global leader in behavioral biometric intelligence and advanced fraud detection, while driving innovation and growth. ```https://www.darkreading.com/cybersecurity-operations/permira-to-acquire-majority-position-in-biocatch-at-1-3b-valuation