Bow River Capital has agreed to acquire Kivu Consulting, a provider of cyber security consulting services.
Kivu’s services include incident response, risk management, penetration testing, extortion and ransomware, expert witness, digital forensics investigation services, and preparedness for digital intrusions. The company is active in the insurance, legal, professional services, health care, and education sectors.
Kivu, led by CEO Kim Niquette, was founded in 2009 and is headquartered in San Francisco with additional offices in Denver, New York, Washington DC, Amsterdam, and Toronto (www.kivuconsulting.com).
“Kivu has the best team in the cyber security industry with brilliant analysts and incredibly innovative services,” said Ms. Niquette. “The partnership with Bow River will support us in building a unique global response capability.”
As part of the transaction, the founders of Kivu will retain a meaningful ownership stake in the company and will continue to lead the organization on a go-forward basis. Bow River is partnering with the management team in order to scale operations, invest in infrastructure, and expand the company’s service offerings.
“Kivu is precisely the type of company Bow River seeks out for investment,” said Rick Pederson, a managing director at Bow River. “They are an exceptional team delivering top-notch services in a growing industry. We expect great things ahead in this partnership.”
Bow River makes control investments in companies with revenues of $10 million to $100 million and EBITDA of $3 million to $15 million. Sectors of interest include business services, healthcare services, industrial services and products, infrastructure services and products, niche manufacturing, and value added distribution. Geographically, Bow River prefers companies that are based in the US Rocky Mountains, Midwest, Southwest, and Western Canada. Bow River was founded in 2003 and is based in Denver (www.bowrivercapital.com).
FOCUS Investment Banking (www.focusbankers.com) was the exclusive sell-side advisor to Kivu Consulting.
© 2019 Private Equity Professional | February 14, 2019