Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation


"BioCatch, the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, today announced that Permira Growth Opportunities II, a fund advised by global private equity firm Permira, has agreed to acquire a majority position in the Company....BioCatch was founded in 2011 – at the dawn of a significant consumer shift from branch to online banking – with a mission to fight fraud and keep users safe in online transactions without disrupting user experience. Today, the Company is a leader in behavioral biometric intelligence and advanced fraud detection, leveraging patented artificial intelligence, data science, and machine learning technology to analyze a user's cognitive intent and deliver highly accurate insights as to the legitimacy of their identity, motivations, and behavior" / Closing is still subject to customary conditions and further DD, proceeds should be expected in late Q3 or Q4 of 2024, after the close of the transaction, anticipated to take place at the end of August 2024.


https://www.prnewswire.com/news-releases/permira-to-acquire-majority-position-in-biocatch-at-1-3bn-valuation-302133937.html

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