Private equity firm Corsair Capital LLC has made a majority investment in consumer identity monitoring company IDIQ.
IDIQ provides credit reporting and identity theft monitoring services to consumers and data breach planning support to businesses. “IDIQ’s innovative solutions address the critical need for credit, identity and cybersecurity protection, which the global pandemic has demonstrated to us is more important than ever, and IDIQ has achieved tremendous success growing its tech-enabled product offering,” says Corsair partner Jeremy Schein. Corsair focuses on business and financial services companies in Europe and North America.
America’s Growth Capital, LLC acted as financial advisor to Corsair and Simpson Thacher & Bartlett LLP and Chapman & Cutler LLP acted as legal advisors. GCA Advisors, LLC acted as financial advisor to IDIQ in the transaction and Morrison & Foerster LLP acted as legal advisor.