Raising finance for Phoenix Equity Partners’ investment in cyber security specialist Logiq

BDO.LiveSite.Deals.IndustryTechnology & Media
BDO.LiveSite.Deals.SubIndustryTechnology

Logiq is a leading specialist provider of cyber-related services to the UK public sector, with a particular presence in the defence sector. The Company offers two core services: cyber security assurance, strategy and system delivery, and DISX, a proprietary subscription software service that hosts a secure environment to allow information exchange between contractors and government entities.

Logiq’s market is growing at a rate of 20% per year, and its revenue has increased by a CAGR of over 60% since 2021. The business is at the forefront of developing the public sector’s long term cyber agenda, which has recently received significant funding commitments from the UK Government.

The company received investment from Phoenix Equity Partners in June 2023 and BDO Debt Advisory successfully advised the company in raising an innovative package of term debt, committed and uncommitted facilities to support the investment.

The flexible finance package will allow the company to re-leverage as the business continues to grow and also access follow-on capital for additional acquisitions.

“BDO Debt Advisory’s seamless process was an absolute masterclass. They have been fantastic to work with and delivered a super debt package on time. Choosing BDO Debt Advisory to execute their own debt staple proved invaluable. It gave us confidence the debt options were deliverable and provided continuity for key stakeholders. We are delighted with the outcome and look forward to working with them again. Very impressive!”

Tim Dunn, Partner, Phoenix Equity Partners