Investment in Logiq by Phoenix Equity Partners

Deal typeM&A
IndustryTechnology & Media

BDO’s M&A team has advised Logiq, a leading UK-based cyber security specialist with particular presence in the defence sector, on its successful investment from Phoenix Equity Partners. BDO also provided commercial due diligence and tax advisory services to the sellers. BDO Debt advisory team worked with Phoenix to raise debt funds for the transaction.

Incorporated in 2018, Logiq prides itself in being an innovative security consultancy business that can act on the needs of its clients, giving focus to the design and implementation of secure IT systems both now and in the future. The business defines cyber security standards and delivers support across a broad range of cyber specialisms, in both the public and private sector, through its Consulting and DISX services. Logiq has established a leading position in the market and has some of the highest profile clients with the strictest security requirements. 

Phoenix Equity Partners is a leading growth-focused private equity firm, founded in 2001. They are experienced investors in medium-sized, UK-based businesses valued up to £200m and support entrepreneurs and ambitious management teams to unlock their potential for growth.

Logiq is the third investment from Phoenix’s 2022 Fund, following investments in risk analytics and modelling solutions provider 4most and data analytics consultancy Dufrain. 

“Logiq are immensely grateful for the advice and support provided by Duncan, James, and their highly experienced team, throughout the transaction. The team provided clear recommendations, guidance and advice, helping us, as founders, make informed decisions at all stages. This has led to an exceptional opportunity for the company, founders and employees and we are thrilled with the outcome. I can’t recommend the BDO team highly enough and wouldn’t hesitate to re-engage their services in the future."   

James Morgan, Founder and Managing Director, Logiq

“We are delighted to support the founders and management team on this landmark deal. The transaction creates an exciting partnership by combining Logiq’'s reputation as an innovative cyber security company to the public with Phoenix Equity partner’s track record and investment experience in the sector. We look forward to watching the new partnership deliver its growth plans.” 

Duncan Lamb, Partner, BDO