OpSec Security Group Successfully Completes Investment by Investcorp Technology Partners


Posted on 11 March 2010

$23.5 Million of New Funds Enables OpSec to Pursue Growth and Investment Opportunities

DENVER--OpSec Security Group plc, the global leader in anti-counterfeiting technologies and services, announced the successful completion of the investment by Investcorp Technology Partners. The total of $23.5 (£15.7) million of new funds (before expenses) enables OpSec to pursue continued growth in global markets, as well as investment and acquisition opportunities in the industry.

David Mahony, Chairman of OpSec, said, “The new funding positions OpSec to take advantage of opportunities in the improving economic landscape. We expect to identify selective acquisitions and other investments that will enhance shareholder value.”

Hazem Ben-Gacem, Managing Director and Co-Head of Investcorp Technology Partners, stated, “Investcorp performed a rigorous review of the security solutions sector, and concluded that we should invest in OpSec. We are pleased with OpSec’s market leadership, management vision, and track record of success and are confident that this investment partnership will further fuel OpSec’s growth and shareholder value.”

Mark Turnage, CEO of OpSec Security Group, commented, “The investment by Investcorp is a strong confirmation of OpSec’s market strategy and leadership position as a premier supplier of anti-counterfeiting solutions. We remain steadfast in our commitment to deliver measurable ROI to our customers, fund leading-edge R&D, and aggressively pursue future growth opportunities.”

This Investcorp funding raises $10.5 (£7.0) million of new capital (before expenses) and $13.0 million of new debt. This enables OpSec to repay its borrowings with Royal Bank of Scotland and improves OpSec's balance sheet and cash flow position. OpSec will further benefit from the business acumen and experience of Hazem Ben-Gacem, Managing Director and Co-Head of Investcorp, and Anand Radhakrishnan, Principal of Investcorp, who have joined the OpSec board.

About Investcorp Technology Partners

Investcorp Technology Partners is a leading private equity investor in small and medium-sized technology businesses in North America and Europe. The team focuses on growth buyout, corporate carveout and public situation transactions. Some of the group's recent investments include Fleetmatics, a leading SaaS telematics software solutions provider, CSIdentity, a provider of identity theft protection software, Sophos, one of the largest privately-owned IT security and data protection companies, and Moneybookers, Europe's leading independent electronic money issuer and online payment system.

Investcorp Technology Partners is part of Investcorp, a leading provider and manager of alternative investment products, with over $12 billion of assets under management. It has offices in New York, London and Bahrain and is publicly traded on the London Stock Exchange (IVC) and Bahrain Stock Exchange (INVCORP). In addition to Investcorp Technology Partners, Investcorp has four other lines of business: private equity, hedge funds, real estate and Gulf Growth Capital. Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography. For more information, please see www.investcorp.com.

About OpSec Security Group

OpSec Security Group plc (London AIM: OSG) is the global leader in providing anti-counterfeiting technologies and services to governments and corporations worldwide. The Group operates manufacturing facilities and laboratories in the USA and the UK, and has sales operations in the Americas, Europe, and Asia. For more information, please see www.opsecsecurity.com, or contact Mark Turnage, CEO at (303) 534-4500 or mturnage@opsecsecurity.