Clearwater International advises on the sale of Espion to BSI

Clearwater Advisor

Clearwater International has advised the shareholders of Espion Group (“Espion”) on its sale to BSI, the business standards company.

Espion is a leading information technology and security consultancy specialising in eDiscovery, digital forensics, information governance and cloud computing.

The information and cyber security sector has undergone a wave of M&A activity in recent years as large corporates react to high profile data leaks and information security breaches through the acquisition of specialist security consultancies. Organisations of all sizes are more focused than ever before on securing their IT infrastructure against potential threats.

BSI’s acquisition of Espion reinforces BSI as the authority in information resilience. BSI was the originator of the internationally recognised ISO 27000 series of Information Security Standards and is the global leader in providing training and certification to ISO 27001, the established best practice in Information Security Management Systems. BSI and Espion’s joint ambition is to develop a global centre of excellence that is at the forefront of the information resilience industry.

Clearwater International partner John Sheridan and associate Cian McComb advised Espion’s shareholders and executive management team on both the sale of Espion Technology Distribution to Exertis and the sale of Espion to BSI.

“We are delighted to become part of BSI whose reputation for excellence complements our own high standards. The team at Clearwater were an integral part of the last 18 intensive months of negotiations, beginning with the initial sale of the Espion Technology Distribution business to Exertis and the subsequent sale of Espion to BSI. Their guidance and support throughout both sets of negotiations was central to successful transaction outcomes for all parties.”

Colman Morrissey, founder and Managing Director at Espion

“Espion is a market leader in the dynamic and fast-paced information security sector, a sector that is gaining ever more importance in the digital age. This transaction provides Espion with an unparalleled platform from which the team can develop a global centre of excellence for information resilience under the BSI banner. Clearwater is proud to have been Espion’s financial advisor throughout the company’s journey over the past year and a half, and to have negotiated two successful transaction outcomes for the founders and management team in that time. This cross-border deal is a strong example of Clearwater International’s ability to deliver successful sales of domestic businesses to international buyers.”

John Sheridan, Partner at Clearwater International