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CVC Credit Supports Refinancing of Cybersecurity Solutions Provider Optiv

June 01, 2023, 07:07 AM
Filed Under: Cybersecurity

CVC Credit provided junior loan facilities to support the refinancing of Optiv, a leading US cybersecurity consultancy and managed security services, controlled by KKR.
Headquartered in Denver, US, Optiv is a market-leading provider of end-to-end cybersecurity solutions, providing managed security services and consulting to a large and sticky customer base of over 5,700 companies in sectors including healthcare, technology, financial services and professional services.
Molly Moore, Managing Director at CVC Credit said: “We’re pleased to be working with Optiv’s long-term sponsor KKR, to help accelerate Optiv’s growth journey. As one of the largest providers of scaled, technology-agnostic managed security services and consulting in the US, and with cyber security continuing to be one of the highest priorities for global businesses, we believe Optiv is well-positioned for further growth.”
John Empson, Managing Partner and Co-Head of Private Credit at CVC Credit, added: “Having the ability to leverage the experience of the CVC Network, in particular across our US Industrials and Technology teams, as well as our direct experience of supporting growth strategies in similar businesses, was essential in delivering this exciting investment opportunity.”

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