Summa Equity to buy majority stake in Logpoint

• Yttrium will maintain a significant minority stake in Logpoint
• The transaction will likely be completed in the second quarter of 2023
• Summa is a private equity firm headquartered in Stockholm

Summa Equity will acquire a majority stake in Logpoint, the creator of a cybersecurity operations platform. No financial details of the transaction were disclosed.

Logpoint is a European provider of foundational SIEM, UEBA, SOAR, and SAP security technologies converged into a complete platform. The firm is headquartered in Copenhagen, Denmark.

Yttrium, formerly known as Digital+ Partners, will remain a significant minority shareholder in Logpoint.

Summa Equity will be investing from its €2.3 billion Summa Equity Fund III.

“By taking a majority stake in Logpoint, we are investing in securing the global tech-enabled transformation, which is vital to reaching most of our sustainable development goals,” said Christian Melby, Summa Equity partner and CIO.  “It is an investment in European cybersecurity resilience, ensuring that the technology to secure digital infrastructures thrives in Europe.”

The transaction is expected to be completed in the second quarter of 2023, subject to regulatory approvals.

Yttrium is a growth equity investment firm specialised in B2B technology companies and is based in Frankfurt, Germany.

Summa is a private equity firm headquartered in Stockholm. The firm manages assets worth €4 billion.