Crossword Cybersecurity has completed the successful sale of its business and company assets, appointing Knight Corporate Finance (Knight CF) in an advisory role helping to execute a strategic plan to maximise value.
The cybersecurity business had identified a funding gap and appointed Knight CF to seek acquirers for the company and its assets, through a tailored asset-by-asset divestment to attract potential buyers for specific technology and product segments.
An accelerated transaction achieved a better overall financial outcome and reduced the exposure risk to any single buyer, completing four transactions within an 8-week period.
As part of the K3 Capital Group, Knight CF worked alongside the restructuring team at its sister company Quantuma.
The transaction was led by Adam Zoldan, Director (pictured) and Katie Horsfield, Senior Manager at Knight CF.
Horsfield commented: “This was a high-stakes and complex transaction where our combined expertise in the tech and cyber sectors was crucial, helping complete the sale process effectively and allowing our client to achieve a successful outcome under challenging circumstances.”
Stuart Jubb, CEO of Crossword added: “Knight Corporate Finance was able to rapidly deploy a team and they had the network to identify and engage with an ideal set of potential buyers within the cybersecurity and IT managed services sectors.
“The company’s ability to navigate this complex landscape ensured that we were able to achieve the best outcome for stakeholders.”
The deal represents a strategic example of how Knight CF uses industry expertise and tailored strategies to unlock value for assets in all situations, positioning clients for long-term success.
Zoldan concluded: “This deal certainly reinforced that there is strong demand in the market for cyber security consulting, managed services and software, and we expect to see further consolidation in 2025.”