Howes Percival acts for SecAlliance on sale to Danish company

19 Sep, 2024
Newsdesk
Lawyers at Howes Percival’s Milton Keynes office have advised UK headquartered Security Alliance Limited (SecAlliance) on its acquisition by CSIS Security Group A/S in Denmark. Howes Percival advised the sellers, John Beale and Robert Dartnall on all aspects of the transaction.
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Corporate specialist Shital Odedra. Courtesy – Howes Percival.

Founded in London in 2007, SecAlliance, is Europe's leading threat intelligence provider. The company delivers Managed Threat Intelligence Services, Intelligence Consultancy and Advisory Services to banks, central banks, financial market infrastructures, governmental and EU agencies, international organisations, and critical national infrastructure operators (telco, power grid, transport).

CSIS was founded in Copenhagen in 2003 and is a leading player in Managed Detection & Response (MDR), Emergency Incident Response and Offensive Security Consulting services. Since 2022, CSIS has been part of Allurity, a leading European cybersecurity group for technology-enabled cybersecurity services. Allurity is in turn backed by Trill Impact, the pioneering Impact House that engages with companies that make a positive Impact on the UN Sustainable Development Goals (SDG’s) and have a firm commitment to ESG.

Howes Percival's Corporate team led on the transaction, which included cross border private equity and comprised Shital Odedra, Andrew Harris, Tom Redman, Bradley Johnson, Olivia Robinson and Shivani Sehmi. They were supported with input from a wide range of teams including Miles Barnes (Commercial), Hannah Pryce (Employment), Zara Khan and Stephen Ruse (IP and IT) and Chloe Bristow and Amy Wright from the Company Secretarial and Governance team.

Corporate law specialist Shital Odedra, said: "Howes Percival are delighted to have advised John Beale and Robert Dartnall on the sale of SecAlliance. This was another high-profile complex transaction involving multiple stakeholders in various jurisdictions and rounds off a particularly busy period over the last few months for the Corporate team."

Rob Dartnall, CEO of SecAlliance said: “The combination of SecAlliance’s ‘Intelligence Made Human’ service offerings and CSIS technology-enabled services will create a truly unique and highly relevant intelligence solution to improve the cyber resilience of CSIS and SecAlliance’s current and future clients. We have been inspired by the work and vision of the CSIS team and the wider Allurity family and look forward to achieving great things working together.”

Daniel Shepherd, CEO of CSIS, added: “Our work is all about improving our customers’ security posture, making them harder targets for criminals, and increasing their resilience to ensure highly effective detection of threats and response to incidents. We believe that a mature cyber intelligence capability is essential to achieve these goals and there are very few cybersecurity companies globally that have what is required.

“By adding its Strategic and Tactical Intelligence services, SecAlliance gives us a unique, highly impactful and holistic capability that will benefit all our customers through greater threat awareness, more effective threat detection and faster threat response.”

John Beale, Founder of SecAlliance, commented: "We have worked with the exceptional team at Howes Percival for a number of years. Their support and guidance throughout has been invaluable, and an enabler for a very bright future, as SecAlliance becomes a part of CSIS and the wider Allurity family.”