IK Partners enters talks to sell stake in Pr0ph3cy Group to Carlyle

• IK will reinvest alongside Carlyle and the management team
• Pr0ph3cy Group will rebrand and change its name to NEVERHACK upon acquisition
• Carlyle is a global investment firm headquartered in Washington DC

IK Partners has entered exclusive talks to sell its stake in Pr0ph3cy Group, a provider of IT and cybersecurity services to a blue-chip customer base within the public and private sectors, to Carlyle.

No financial terms of the transaction were disclosed.

Pr0ph3cy is based in Paris, France.

IK Partners invested in Pr0ph3cy in 2021.

IK will reinvest alongside Carlyle and the management team.

Pr0ph3cy Group will be IK’s first exit from the development capital pool within the IK SC III Fund.

“Over the past two years, we’ve worked in partnership with the team at Pr0ph3cy to deliver their ambitious strategic agenda and pursue numerous value creation opportunities,” said Pierre Gallix, managing partner at IK and advisor to the IK SC III Fund.

Carlyle Europe Technology Partners (CETP) platform will enable Pr0ph3cy’s continued growth and the Carlyle team will work with management and IK to continue its buy-and-build strategy to gain further scale, broaden its service portfolio and expand internationally, according to a release.

Pr0ph3cy Group will rebrand and change its name to NEVERHACK upon acquisition.

The transaction is subject to relevant regulatory approval.

IK Partners is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics, and the UK. The firm, based in London, has raised over €14 billion of capital.

Carlyle is a global investment firm headquartered in Washington DC.