Investcorp Raises €240 Million Continuation Fund for HWG Sababa

Private equity firm Investcorp has raised €240 million ($281 million) for a single-asset continuation fund that will take over its portfolio company HWG Sababa Srl, an Italian cybersecurity provider.

The continuation fund is anchored by commitments from Hayfin Capital Management and Coller Capital, as well as participation from some of the investors in Investcorp Technology Partners Fund V, according to a statement reviewed by Bloomberg News. The sale of HWG Sababa marks the first exit by ITP V, which raised $570 million in 2024.

Verona-based HWG Sababa specializes in cybersecurity serving midsized enterprises across sectors including critical infrastructure, ...