Cybersecurity
Consulting Firm BRG Suffers Cyberattack Amid LBO Debt Sale
- Berkeley Research Group’s systems were breached on March 2
- Banks are selling a loan to fund investment by TowerBrook
The events coincide with a $700 million leveraged loan sale that’s intended to finance Towerbrook’s purchase of a majority equity investment in BRG.
Photographer: Sem van der Wal/AFP/Getty ImagesThis article is for subscribers only.
Berkeley Research Group suffered a cyberattack last week, according to people with knowledge of the matter, just as banks have been looking to wrap up a debt sale that would finance the consulting firm’s buyout by TowerBrook Capital Partners.
The firm discovered its systems had been breached on March 2, and received several ransomware notices from a hacker, according to the people, who asked not to be identified discussing a private transaction. The hacker claimed they had taken data from BRG’s systems and had encrypted files within its network, the people added.