Centerbridge Partners LP, a global private equity firm, has made an investment in Netwrix, a cybersecurity company.

Netwrix’s services help over 13,000 organizations worldwide identify and protect data to reduce the chance of a breach, and detect, respond to and recover from security threats while ensuring regulatory compliance. The company’s offerings span data access governance (DAG), identity and access management (IAM), privileged access management (PAM) as well as active directory security and ransomware protection. TA Associates remains the majority shareholder of Netwrix, with members of Netwrix’s senior management team and Updata Partners retaining minority positions in the business.

“Given Netwrix’s established industry leadership, we believe there is a clear runway for further organic and inorganic growth in partnership with the Centerbridge team,” says Mike Libert and Harry Taylor, managing directors at TA.

Jefferies LLC served as financial advisor to Netwrix and TA. DLA Piper and Goodwin Procter LLP provided legal counsel to TA. Moelis & Co. served as financial advisor to Centerbridge and Kirkland & Ellis LLP provided legal counsel.