Horten has assisted the founders and management with the sale of the controlling stake in Cryptomathic to Riverside. Following the transaction, the company founders continue to have an active role in Cryptomathic.
Cryptomathic is a preferred supplier of crypto-based security solutions to businesses worldwide and across a wide range of industry sectors, including banking, government, technology manufacturing, cloud and mobile. Cryptomathic was founded in 1986 and was one of the first companies in the world to commercialize cryptographic algorithms.
The Riverside Company is a global investment firm and private equity fund. Since its founding in 1988, Riverside has made more than 750 investments and its portfolios include more than 120 companies.
Horten has advised the founders of Cryptomathic in all legal aspects in connection with the transaction. Team-responsible partner Thomas Francis Beckett was assisted by attorney Vibe Kongsager Klausen and assistant attorney Ann-Sophie Birch.
Read more about the transaction:
Riverside acquires controlling stake in Cryptomathic
Cryptomathic receives investment from the riverside company