Apera Asset Management (“Apera”), a pan-European mid-market private debt investor, today announces that it has provided the financing for Inside Secure’s acquisition of Verimatrix, Inc. (“Verimatrix”), a privately-held Software Security company headquartered in San Diego, California, USA.

Founded in 1995, Inside Secure (Euronext Paris – INSD) develops and markets security solutions for mobile and connected devices, providing software, IP components, tools, services, and know-how needed to protect customers’ transactions, ID, content, applications, and communications.

Founded in 2000, Verimatrix is a globally leading provider of end-to-end content protection solutions for the video and entertainment industry. The company has more than 300 employees and operations across 20 countries worldwide.

The transaction will combine two experts in cloud-based security solutions with complimentary technological capabilities and create the leader for data and digital content protection across all devices for the entertainment, Internet of Things and the Automotive industry.

The transaction is financed by a combination of a Unitranche ($54 million) provided by Apera, a mandatory redeemable bond fully allocated to global mid-market private equity sponsor One Equity Partners and an equity capital increase via rights issue. Apera's financing was structured as senior secured notes that have been tailored to address the operational and strategic needs of the new combined business.

Klaus Petersen, Partner at Apera Asset Management, said: “We are delighted to support Inside Secure’s acquisition of Verimatrix, a leading global player trusted by all major content owners in the entertainment security market. The combination of the two businesses will create a global industry leader with deep expertise and we look forward to supporting the company in its further development.”

Richard Vacher Detourniere, CFO of Inside Secure, said: “We were very pleased with Apera's flexible and supportive approach throughout the entire transaction process, which enabled us to secure a balanced financing package which perfectly fits our operational needs and allows us to follow our growth strategy”.

You can download a PDF of this press release here

About Apera Asset Management

Apera is a pan-European mid-market private debt investor operating in the UK, the DACH region, the Nordic region, France and Benelux. The firm develops long-term partnerships with private equity investors, SME borrowers, and advisors by providing tailored financial solutions that meet both the operational needs and growth objectives of clients, whilst producing attractive returns. Apera is focused on bringing a new standard of transparency to the private debt market. Apera’s investors are located across the globe, including the United States, Canada, Europe and Asia.

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