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Aerospace, Defense & Security | TMT

TheGreenBow has been acquired by Athena Family

May 2025 — TheGreenBow has been acquired by Athena Family, providing liquidity to the former shareholders and enabling the company to continue its growth in partnership with its management team.

TheGreenBow is a French cybersecurity software company, established in 1998 and headquartered in Paris under the legal name SISTECH S.A. Renowned as the first European VPN provider to achieve EAL3+ certification under the Common Criteria framework, its Windows and Linux clients are approved for use in NATO and EU Restricted environments, making them a trusted standard in high-security settings.

Athena Family is a private investment firm established in 2008, focused on supporting entrepreneurial ventures with strong growth potential. The firm makes equity investments in a selective portfolio of companies across diverse sectors, including software, e-commerce, fintech and business services. With a human-centered and collaborative approach, Athena Family partners with trusted entrepreneurs, prioritizing the future vision over past performance or current challenges. In addition to funding, they provide operational expertise to help shape, structure and strengthen business plans during critical phases of growth or transformation.

Our role in the transaction

Oaklins’ team in France advised the founders and shareholders on the sale of their stake in TheGreenBow.

Parties

Talk to the deal team

Eric Félix-Faure

Managing Partner
Paris, France
Oaklins France

Adrien Etheve

Analyst
Paris, France
Oaklins France

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