Anti-counterfeiting technology firm OpSec Security Group has acquired the entire share capital of online brand protection and monitoring company Partners 4 Management (P4M) for a cash consideration of up to 10.2 million euros.

The consideration will comprise an upfront payment of 4.2 million euros and an earn-out, capped at 6 million euros, equal to six times P4M’s increase in EBITDA for the year ending 31 December 2008. The acquisition is being financed from the group’s new facility with the Royal Bank of Scotland (RBS).

In April OpSec Security Group confirmed it had entered into a term loan and revolving credit facility of up to £19 million with RBS.

P4M’s technology is designed to detect the illegal distribution of digital media and to identify counterfeit and grey market goods on eCommerce sites.

In the year ended 31 December 2007, P4M reported a turnover of 1.7 million euros and a profit after tax of 158,000 euros.