CVC Credit provided junior loan facilities to support the refinancing of Optiv, a U.S. cybersecurity consultancy and managed security services that is controlled by KKR.
Headquartered in Denver, Optiv is a provider of end-to-end cybersecurity solutions, providing managed security services and consulting to a customer base of more than 5,700 companies in sectors including healthcare, technology, financial services and professional services.
“We’re pleased to be working with Optiv’s long-term sponsor KKR to help accelerate Optiv’s growth journey,” Molly Moore, managing director at CVC Credit, said. “As one of the largest providers of scaled, technology-agnostic managed security services and consulting in the U.S., and with cyber security continuing to be one of the highest priorities for global businesses, we believe Optiv is well-positioned for further growth.”
“Having the ability to leverage the experience of the CVC network, in particular across our U.S. industrials and technology teams, as well as our direct experience of supporting growth strategies in similar businesses, was essential in delivering this exciting investment opportunity,” John Empson, managing partner and co-head of private credit at CVC Credit, said.
