- EQT Private Equity has agreed to sell a majority stake in cybersecurity company Utimaco to private equity firm SGT Capital.
- The deal is worth $500 million, Bloomberg reports.
- EQT will remain a minority investor in Utimaco.
- Utimaco develops security hardware for managing sensitive data, distributing cryptographic keys, and compliance solutions for telecommunication providers.
- The transaction is likely to close in Q4.
Needham Maintains Buy on DoorDash, Raises Price Target to $84
Needham analyst Bernie McTernan maintains DoorDash (NYSE:DASH) with a Buy and raises the price target from $75 to $84.
