Bridgepoint, one of the world’s leading mid-market investors, today announced that it has agreed to acquire a majority stake in iC Consult, the world’s largest independent provider of identity security services, headquartered in Munich, Germany.
The transaction sees Bridgepoint partner with iC Consult founder Jürgen Biermann, who was recently appointed CEO, and the rest of the management team, who will remain invested, while Carlyle will fully exit its holding. Terms of the transaction are not disclosed.
Founded in 1997 and headquartered in Munich, iC Consult is the world’s largest independent identity security specialist, with 850+ experts across North America, Europe, and Asia, offering an end-to-end portfolio of advisory, implementation, integration, and managed services that help enterprises secure access to critical systems and data. IAM is a core component of modern cybersecurity architectures, ensuring that the right users and systems have access to the right resources at the right time.
The company serves a global base of large enterprise clients across sectors including financial services, automotive, manufacturing and the public sector. Its services are deeply integrated into clients’ IT environments, fostering long-term, trusted relationships.
iC Consult has delivered strong growth in recent years, with its pan-European business growing at c.20% annually between 2020 and 2025 and expanding its presence in the US. The business operates in a large and fast-growing market, with the IAM services market in Europe estimated at c.€2.5bn and expected to grow at double-digit rates, driven by increasing cyber threats, regulatory requirements and the rapid proliferation of digital identities, including those linked to agentic AI.
With Bridgepoint’s support and under Jürgen Biermann’s leadership, iC Consult will 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 to build a scaled global IAM platform.
Bridgepoint brings deep experience in technology and cybersecurity services, having backed a number of specialist platforms including Infinigate, a cybersecurity value-added distributor, and DataExpert, a specialist in digital forensics and cybersecurity services, alongside broader experience in scaling international technology and services businesses.
Jürgen Biermann, Founder and CEO of iC Consult, said:
“Today marks the beginning of an exciting new chapter for iC Consult. Bridgepoint brings not only capital, but also deep sector expertise and a strong track record of helping companies like ours scale internationally.
Together, we share a clear ambition: to further strengthen our position as the world’s leading independent identity security specialist, expand our global footprint, and transform iC Consult into a truly AI-native company.
With Bridgepoint’s support, we will continue to invest in our people, our capabilities, and our platform - ensuring we deliver even greater value to our clients at a time when the rapid, AI-driven growth of digital identities makes identity security more critical than ever.”
Christopher Brackmann, Partner at Bridgepoint with responsibility for investments in DACH, said:
“iC Consult is a standout business operating at the heart of a structurally attractive and fast-growing market. Its leadership in identity security and strong position in Germany make it a compelling partner for Bridgepoint.
We look forward to working with Jürgen and the team to support the next phase of development and continue to build a category-leading platform in identity security.”
Maciej Chrystowski, Director, Technology team at Bridgepoint, said:
“What sets iC Consult apart is the scale and depth of its technical capability in a highly complex and mission-critical segment of cybersecurity. As AI accelerates the growth and complexity of digital identities, identity security is becoming even more critical.
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.”
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to complete in Q3 2026.
Bridgepoint was advised by Canaccord Genuity and Piper Sandler Ltd. (Financial Advisors), Kirkland & Ellis (Legal Advisor), Altman Solon (Commercial Advisor), EY Parthenon (Financial, Tax, IT & Cyber and ESG Advisor), and Marsh (Insurance Due Diligence).
iC Consult and Carlyle were advised by Lincoln International (Financial Advisor), Latham & Watkins (Legal Advisor), McKinsey & Company (Commercial Advisor) and PwC (Financial & Tax Advisor).