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Schroders Capital Global Innovation Trust plc announced on 27 October 2025 that its portfolio company, Securiti AI, signed a definitive agreement to be acquired by Veeam Software for a total consideration of US $1.725 billion, as announced on 21 October 2025. The Company made a direct investment in Securiti in November 2023, after Schroders Capital had invested indirectly since 2019. The Manager estimates a positive valuation adjustment of 2.35% to the 30 June 2025 net asset value, equating to an approximate 2.90% NAV increase when factoring in the 25 July 2025 tender offer announcement.
| Date | 27 Oct 2025 |
| Time | 07:00:11 |
| Category | Disposals |
| ID | 8528E |
Schroders Capital Global Innovation Trust plc
Sale of Securiti AI
Schroders Capital Global Innovation Trust plc (the "Company") is pleased to announce that its portfolio company, Securiti AI ("Securiti"), has signed a definitive agreement to be acquired by Veeam Software ("Veeam") for a total consideration of US $1.725 billion, as announced on 21 October 2025.
Schroders Capital has been invested indirectly in Securiti since 2019 and, in November 2023, the Company made a direct investment alongside other Schroders Capital vehicles.
Full details of the transaction have not been disclosed at this time. However, in accordance with the Company's valuation policy, the Manager currently estimates a positive valuation adjustment of 2.35% to the 30 June 2025 net asset value ("NAV"). When factoring in the impact of the Company's 25 July 2025 tender offer announcement, this equates to an NAV increase of approximately 2.90%. This increase reflects the increased value of Securiti which is estimated to be valued at £7.7m post transaction, up from £3.6m as of June 2025.
Further information will be provided once the transaction has closed. All unquoted holdings, including Securiti AI, will undergo further evaluation and final determination as part of the 30 September 2025 quarterly NAV publication.
Tim Creed, Lead Portfolio Manager, and Harry Raikes, Co-Portfolio Manager commented: "We would like to congratulate the team at Securiti AI on this outstanding achievement. The acquisition by Veeam reflects the strength of Securiti's technology and its leadership in the rapidly growing data security and AI governance market. For Schroders Capital Global Innovation Trust, this represents a significant value realisation that has occurred earlier than we had anticipated and is expected to generate meaningful proceeds for shareholders as part of the managed wind-down process."
Enquiries
Schroder Investment Management Limited
Katherine Fyfe (Company Secretary) 0207 658 6000
Charlotte Banks (Press) 0207 658 6000