Berkeley Research Group (BRG) experienced a cyber-attack earlier this month, while the firm is in the process of being acquired by Towerbrook Capital Partners. The attack occurred amid a $700 million debt sale intended to finance the buyout, which raised concern among potential investors about the impact on BRG’s business.

The company received ransomware notices from hackers claiming to have stolen data and encrypted files from within BRG’s systems. BRG has hired cybersecurity experts to manage the breach and restore its network. The extent of the data breach and the impact on the company’s operations still remain unclear. Read more about this story on our LinkedIn page