Baker McKenzie has successfully advised client, PSG Equity (PSG) on the acquisition of a majority stake in risk solutions software platform, Protecht Group, for AUD 445 million.
Protecht provides a complete risk solution comprised of world class enterprise risk management, compliance, training and advisory services to businesses of all sizes, regulators and governments across the world.
PSG, is a leading US-based private equity firm that invests and partners with software companies that are ready for their next stage of growth and have reached an inflection point through demonstrated product-market fit, rapid organic growth and customer focus.
Baker McKenzie’s lead partner, Liam Hickey stated: “We are pleased to have assisted PSG on their investment in Protecht. PSG have a strong track record of investing in rapidly growing software companies around the world that are ready to take the next step to achieve scale. This transaction is PSG’s largest investment in Australia to date, and is testament to the attractiveness of Australian software companies to global investors. We look forward to seeing the continued growth of the Protecht business under PSG.”
Liam was assisted by a broader Baker McKenzie team comprising: Marissa Volaris, William Owen, Isaac Burnett, Kellie-Ann McDade, Toby Patten, Anne Petterd, Miles Hurst, Alexandra Stead, Matthew Dempsey, Sabine Johnson, Janine van Eyk, Stephanie Vesel, Stephan Cerni, Howard Fraser, Victoria Bell, Rebecca Rumens, Aleksandra Zochowski, Jonathan Kelt, and Erica Kidston.
Weil, Gotshal & Manges also advised PSG on US aspects of the acquisition.
About Protecht Group
With offices in Sydney, Los Angeles, and London, Protecht Group provides innovative risk management solutions, including the Protecht ERM (enterprise risk management) platform. Trusted by organizations across government, financial services, education, and other industries, Protecht empowers businesses to manage risk holistically, transitioning from spreadsheets and manual processes to efficient, integrated systems.
About PSG
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. Having backed more than 150 companies and facilitated over 520 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Madrid, Paris, and Tel-Aviv. To learn more about PSG, visit www.psgequity.com.