By: OpSec Security
The OpSec Group, the global brand and product digital protection business and a portfolio company of Investcorp Technology Partners, is pleased to announce the successful closing of a new credit facility aimed at supporting organic and inorganic growth of the Group.
Working with HSBC, Lloyds Bank and AIMCo (Alberta Investment Management Corporation), OpSec has secured up to $125m of funding to drive its future growth aspirations.
Commenting on the arrangement, Bev Dew CFO of OpSec commented, “Thanks to the strength of our balance sheet, continued track record of growth, and cash generating business model, we have been able to secure an attractive outcome to support our growth plan. The facilities provided will allow OpSec to secure both the business’ existing strong organic growth and drive our corporate M&A agenda. Working with our existing HSBC and new Lloyds Bank and AIMCo partners has been very refreshing. Their professionalism and depth of industry knowledge will further help the Group to meet its growth aspirations though investments in new innovative digital capabilities, new geographies, and markets”
Benjamin Weland, Head of Healthcare & TMT, Lloyds Bank commented, “Opsec is a leading provider of online protection and on-product authentication that is helping protect British and global businesses against counterfeiting, piracy, and unauthorised usage. They operate in a growing and vitally important area supporting an increasingly digital marketplace, and we are very pleased to be providing the finance to support their future growth and development.”
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