US investment group Bridgepoint has acquired a majority stake in a firm that claims to be the world’s largest independent provider of identity security services.
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Headquartered in Germany, iC Consult employs more than 850 people and has offices in North America, Europe and Asia.
In the last five years, the company has experienced 20% growth and expanded its presence.
The growth is in keeping with the expansion of the identity and access managament (IAM). Thanks to a combination of evolving cybersecurity threats and rapid AI developmemnt, the market is worth more than €2.5bn annually and is forecast top continue its double-digit growth.
As a result of the transaction, the management team, led by the recently appointed CEO Jurgen Biermann, will remain with the company.
The previous owner of the stake, Carlyle, will fully exit its holding. No financial detials of the transaction were disclosed.
According to a statement, iC Consult will use Bridgepoint’s support to focus on “accelerating international expansion, strengthening its managed services offering, further investing in AI-enabled capabilities, modernizing and evolving its service portfolio, and continuing to pursue selective M&A opportunities”.
“Bridgepoint brings not only capital, but also deep sector expertise and a strong track record of helping companies like ours scale internationally,” said Biermann.
“We see a significant opportunity to further modernise and evolve the platform, including expanding its capabilities for securing agentic AI while continuing to strengthen its managed services offering and selectively pursuing M&A to expand the company’s international footprint,” said Maciej Chrystowski, director, technology team at Bridgepoint.
The transaction is expected to complete in Q3 2026.