Aug 7 (Reuters) -

Swedish financial investor EQT said on Wednesday

it will acquire a majority stake in Swiss cybersecurity and data

protection company Acronis.

The company said in a statement it will buy the stake

through a private equity fund, by buying shares from other

investors such as CVC, Springcoast Capital Partners and

BlackRock ( BLK ).

They will all remain shareholders, EQT partner Johannes

Reichel told Reuters on Wednesday.

EQT said Acronis' valuation had increased since a 2022

financing round, in which it stood at $3.5 billion. According to

sources, the valuation has risen 10-15%, to around $4 billion.

The transaction is subject to customary regulatory approvals

and is anticipated to complete in the first half of 2025.