Cybersecurity
CDPQ Is Said to Buy Stake in Warburg-Backed Cybersecurity Firm
- Company now valued at $1.2 billion following investment
- ESentire helps companies detect, respond to security threats
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ESentire Inc., a cybersecurity company backed by private equity firm Warburg Pincus, has struck a deal to sell a stake to two investment firms at a $1.2 billion valuation, according to people familiar with the matter.
Canadian pension fund Caisse de dépôt et placement du Québec and an existing investor, Canadian venture capital firm Georgian, are buying a 50% stake in ESentire, said the people, who asked to not be identified because the matter isn’t public. While the firms reached an agreement in December, the deal hasn’t closed yet, they said.