Critical Protection : Exploring the growing market for Operational Technology (OT) Security

In the past two decades, the digitization of business and daily life has led to the emergence of several new players in the cybersecurity market. Industries have been going through a similar phase of digitization, which has blurred the lines between IT and operational technology (OT) as OT has been brought online. The resulting “cyber-physical” systems have created many vulnerabilities and risks that are difficult to identify in these highly complex environments. In response, a new generation of specialized security players that natively support converged IT/OT environments is now emerging to fend off the threats faced by industrial players.

All the planets in the OT cyber security market – regulatory, market awareness, availability of new solutions – appear to have now aligned for it to reach its potential. Stakeholders are faced with two key issues in the coming five years: first, adopting new OT security solutions that offer strong capabilities in asset identification, network visibility and continuous risk monitoring; and second, dealing with the talent shortage plaguing cybersecurity – and even more so OT security – due to the specific skillset it requires. This will drive up demand for managed OT security services and also for solutions that have strong automation capabilities

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Welcome to Strahinja Ninić has joined Bryan Garnier & Co as Director in Investment Banking

Strahinja Ninić

Investment Banking

Bryan, Garnier & Co, a leading pan-European investment bank focusing on growth companies, is delighted to announce that Strahinja Ninić has been appointed as Director in Investment Banking.

Strahinja joined Bryan, Garnier & Co in January as Director in the Energy Transition & Sustainability investment banking team, with the objective to further reinforce BG&Co expertise within the Alternative Proteins landscape, Food & AgTech and Sustainability by bringing industry perspective and a long transaction experience in the F&B space.

Prior to joining Bryan, Garnier & Co, Strahinja spent 9 years at Danone, a global food company and an industry leader in health and sustainability, as part of their corporate M&A and Waters strategy teams, based in Singapore and Paris. During his time at Danone, he gained extensive industry experience and a strong exposure to sustainability and innovation challenges in the food & beverage sector. Prior to Danone, Strahinja spent 5 years in the European M&A execution teams of BNP Paribas CIB.


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Welcome to Kevin Rolland & Will Jungman who have joined Bryan Garnier & Co’s Equity Capital Markets team

Kevin Rolland

Equity Capital Markets

Kevin joins Bryan, Garnier & Co as Vice President – Equity Capital Markets.

Prior to joining the firm, Kevin spent 6 years in the Investment Banking division of TP ICAP where he had the opportunity to execute several ECM & DCM deals in various sectors including Software, Gaming, Real Estate, Retail and Technology. Prior to this, he spent 4 years as an M&A associate for an independent corporate finance boutique in Paris and London, DragonKnight Advisors. Kevin holds a Master’s degree in Banking & Corporate Finance from Toulouse Business School.

Will Jungman

Equity Capital Markets

Will joins Bryan, Garnier & Co as Vice President – Equity Linked Solutions.

Prior to joining the firm, Will served as consultant to Bryan Garnier during which he executed several ECM and DCM deals across the Technology and Healthcare sectors. Will has a structured finance background, having spent five years working with UK property developers and operators, including SquarestoneHUB in London, as well as in finance for Georgia-Pacific, a major American consumer product company. Prior to his career in structured finance, he also spent 2.5 years with Deloitte Consulting’s Finance practice. Will holds an MBA from the Wharton School and a Bachelor’s in Economics from the University of Virginia.


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Welcome to Cyrille Serve who joins Bryan, Garnier & Co as Managing Director for Business & Tech-Enabled Services

Cyrille Serve

Investment Banking

We are delighted to announce the arrival of Cyrille Serve who joins Bryan, Garnier & Co as Managing Director for Business & Tech-Enabled Services.

London, December 2021 – Bryan, Garnier & Co, a leading pan-European investment bank focusing on growth companies, is delighted to announce that Cyrille Serve has been appointed Managing Director at the firm.

Based in London, Cyrille will help further drive Bryan, Garnier & Co’s Business Services franchise across Northern and Western Europe.

Cyrille, 43, has had a 20-year career in M&A gained at Commerzbank / Dresdner Kleinwort, spent mostly in London.

In his first decade, he worked in the Italian, Food Consumer Retail, Russian and General Industrial M&A teams. Most recently, he specialised in support services with a focus on mid-market cross-border transactions in Continental Europe.

Over the 2 decades, Cyrille has worked on projects for a wide range of European clients including Aliaxis and Tessenderlo (Belgium), Engie and Vinci (France), Commerzbank and DKV Mobility (Germany), AFK Sistema and Razgulay (Russia) and Forth Ports and Pamplona Capital (UK).

Cyrille holds an MSc in Management (Grande Ecole) from HEC Paris where he majored in Finance. In parallel to HEC, Cyrille read History at Panthéon Sorbonne where he gained a BA.


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Welcome to Abhijit Kunte and Kanak Sharma who have joined Bryan Garnier’s Technology team

Abhijit Kunte

Investment Banking

Abhijit joined Bryan, Garnier & Co in 2021.

Previously, Abhijit worked as an AVP at Technology Holdings and as a Manager in corporate development at Tech Mahindra Limited.

Abhijit has completed various transactions including the sale of Nielsen+Partners to Larsen and Toubro Infotech and acquisition of Pininfarina S.p.A. by Tech Mahindra.

Abhijit holds an MBA from the Bond University in Australia and is a CPA (USA).

Kanak Sharma

Investment Banking

Kanak joined Bryan, Garnier & Co in October 2021 as Associate in the Technology team.

She has gained experience as an M&A Banker at IEG-Investment Banking Group and as a consumer tech investor at Nucom (Joint company of General Atlantic & ProSiebenSat.1). During her career, she has developed a knowledge of various sectors including Fintech, Clean Tech, B2B logistics, Proptech/ Real estate tech & E-commerce.

She holds a bachelor’s degree in economics & Statistics.


Behind the scene : the stake of private growth financing in the client lifecycle approach of Bryan, Garnier & Co

Behind the scene : the stake of private growth financing in the client lifecycle approach of Bryan, Garnier & Co

As most of you know, supporting European growth companies by raising private growth capital has been a pillar of Bryan, Garnier & Co strategy since 1996, when I left the venture capital industry to co-found the first European growth investment bank.

Deep roots in the private capital markets

Inspired by the critical role played in the US venture ecosystem in the 80s and 90s by the four Horsemen (the HARMs, namely Hambrecht & Quist, Alex Brown & Sons, Robertson, Stephens & Co, and Montgomery Securities), and a strong belief that European innovation and growth communities needed highly specialized investment banks to sponsor the most promising disruptive growth companies throughout their lifecyle, providing them with strategic insights, access to private capital, taking them public, advising them on acquisitions or selling them at the best time, we started our journey by pioneering the later stage growth financing market in Europe.

More than two decades of commitment to private growth companies

Since 1996, Bryan, Garnier & Co has led close to 200 later stage venture and growth capital rounds, raising close to € 5 billion of financing for European companies. Since 1996, we have kept the same mindset, a relentless commitment to back entrepreneurs and support their companies for the long run, in good and tough times, with, as only tie, the necessity to keep their trust and confidence. Whether they thrive or face adversity, we keep on investing our time and efforts, providing our insights and expertise to help grow the companies we sponsor, as their long term success is the fuel of our own expansion. Amongst the companies we have backed, a number have become unicorns, and some are today leading players of their markets with dozens of billions of market caps.

During this journey we have accumulated an unparalleled knowledge and experience, in terms of transaction scope – from series B, C and beyond, to pre-IPO, crossover rounds, direct listings, cornerstoned IPOs or PIPEs, across the range of equity and equity linked securities.

We have raised capital throughout geographies – EMEA, Americas and Asia-  and asset classes – conventional investors such as VCs and growth capital investors, as well as non-conventional investors such as corporates, hedge funds, pension or sovereign funds and family offices.

Over the past few weeks, we announced the closing of a €100m series B for Agronutris, a leading insect-based alternative-protein player which benefited from the first private investment of European ESG asset manager Mirova, we closed a €65m PIPE for Claranova with Susquehanna’ Heights Capital, or conducted the $40m privately placed listing on Euronext Oslo of leading LEO satellite constellation Astrocast with Adit Ventures and Palantir amongst others.

Expansion of the asset class drives higher stakes and higher complexity

Over the recent years, as venture and growth capital was outperforming private equity buy-outs, massive amount of capital flowed to the market, providing the opportunity for private companies to secure more capital than ever, enabling them to pursue their development to a much higher level of ambition than before : during the past 12 months, average series C rounds have tripled in value reaching on average $75m , while series D and beyond are now above $155m.

With the increase in size of the rounds comes the increase of sophistication,  in the number and the nature of investors syndicated in the rounds, in the structures of the financings, in the transaction processes and the scope of due diligences, in the terms of corporate governance.

The blurring of the frontier between private and public capital markets, from the amount of capital available, to the increased diversity in the profiles of investors (increasing number of public equity asset managers, corporates, hedge funds and crossover investors venturing in the private asset class), has also increased the scope of financing alternatives.

Private and public equity capital markets are solutions to the same issue : financing growth

The remarkable performance of the European and US equity capital markets for growth companies over the past 15 years nourished by the underlying secular transformation trends of the economy (digitalization, health and care, energy transition, sustainability), have increased the appetite for risk and performance of the public equity investors, demonstrated by the massive expansion in number and value of biotech, new energy, fintech, newspace, alternative proteins, cannabis… companies over the past 5 years, enabling highly disruptive issuers to access to significant sources of liquidity at a quite early stage of their development.

Standing at the crossroads of growth financing solutions

Entrepreneurs and companies are today living in an environment of high expectations with a lot at stake : The experience accumulated as one of the most active underwriter of public offerings (IPOs and follow-ons) for tech and healthcare European growth companies in all key European stock markets and on the US Nasdaq, combined with our longstanding involvement in the venture capital ecosystem gives us an unparalleled ability to support European growth companies at all stage of their development,  providing them unbiased guidance to best navigate through these fast evolving private and public equity financing environments.


Industry in the Digital Age

Tuesday 30 November 2021 | 09h – 18h CET​

Industry in the Digital Age

Industry 4.0 is set to take a giant leap in the next decade as Western leaders contemplate the relocation of manufacturing capacity on national soil requiring intelligent, hyperconnected, and flexible industrial sites, a new paradigm enabled by the rise of new technologies. 

Our conference will gather executives from companies enabling this paradigm shift, revealing insights into the future of the industrial world.

Registration

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Bryan, Garnier & Co, a leading pan-European investment bank focusing on growth companies, is delighted to announce that Alexandre has been appointed Senior Associate in the Business & Tech-enabled Services Team.

Alexandre Deranque

Investment Banking

Bryan, Garnier & Co, a leading pan-European investment bank focusing on growth companies, is delighted to announce that Alexandre has been appointed Senior Associate in the Business & Tech-enabled Services Team.

Alexandre joined Bryan, Garnier & Co in November 2021 as Senior Associate in the Business & Tech-enabled Services team.

He gained experience in corporate finance during his internships spent at MBA Capital and Rothschild & Co (Transaction R) and then passed 6 years at PwC in the Audit and Transaction departments. During his career, he has developed a knowledge of various sectors including textile, aerospace, agrifood, automotive and waste treatment.

Alexandre holds a double degree master in Management and Msc in Finance from EDHEC Business School and also holds a chartered accountant diploma (French CPA).


Fast Growth Icons

28 October 2021 | Berlin

Fast Growth Icons

Once again, Bryan, Garnier & Co is supporting this year’s Fast Growth Icons in Berlin.

Fast Growth Icons is focused on practical advice for tech growth businesses, coupled with networking, bringing together around 100 founders and CEOs of highly successful and fast-growing companies.

Event highlights

  • Invitation-only network for founders and CEOs of the most successful tech businesses
  • Focuses on the key areas that growth businesses need to get right to maintain and manage rapid growth and build the €100m+ revenue businesses of the future
  • Closed-doors environment where founders can openly share their ambitions and challenges and get valuable insights from speakers and participants
  • Attended by some of the region’s most interesting founders (the typical attendee is the founder of a business with €10m-€100m turnover and/or 75-500 staff, growing at over 50% p.a.).

Registration

Registration is closed


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Halla Koppel joins Bryan, Garnier & Co as Vice President in Investment Banking

Halla Koppel

Investment Banking

Bryan, Garnier & Co, a leading pan-European investment bank focusing on growth companies, is delighted to announce that Halla has been appointed as Vice President in Investment Banking.

Halla joined Bryan, Garnier & Co in September as Vice President in investment banking with a specialisation in ESG products. Previously Halla worked at Goldman Sachs, as part of their cross-asset coverage for Nordic institutional clients. Halla has an MBA from the University of Oxford, holds a Certificate in Sustainable Finance from Cambridge University and a CFA level 4 in ESG investing. Halla also has a long career in media and entertainment behind her, has climbed four of the World´s highest Seven Summits and is a keen motorcyclist.