- 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.
Tesla Rival Lucid Bags Deal To Sell 100,000 EVs To Saudi Arabia
Lucid Group Inc (NASDAQ: LCID) said on Tuesday it has entered a deal with the government of Saudi Arabia to sell up to 100,000 electric vehicles over the next 10 years, sending shares of the luxury electric vehicle startup higher after the bell.
