AGC Partners is pleased to announce that its client, Radiflow, a leading industrial OT cybersecurity startup, has signed a definitive agreement to be acquired by Sabanci Group through a two phase process. The initial phase entails a $45 million primary and secondary investment throughout several installments. The second phase consists of Sabanci acquiring 100% stake in Radiflow by 2025. This acquisition provides Radiflow a unique position in the OT security market by leveraging the extensive industrial footprint of the Sabanci Group. With a team led by Eric Davis, AGC Partners acted as the sole financial advisor to Radiflow.To view the announcement by Radiflow, click here.
I had the pleasure of sharing our progress with Eric over the last several years and I always considered him as the most reliable sounding board for our growth plans. A year ago when we initiated our C round discussions Eric guided us through the dual-head process introducing us to leading VCs as well as reviewing the various inbound offers that we received. As we moved forward with the Sabanci Group offer, Eric and his team supported us through the process in all aspects: commercial, legal and financial. The support and insights of the AGC team were critical for the successful conclusion of the transaction with Sabanci Group.