Investcorp Europe Acquisition Corp I has entered into a Business Combination Agreement with OpSec Holdings, Opal Merger Sub I, Opal Merger Sub II, Orca Holdings Limited, Orca Midco Limited, Orca Bidco Limited, Investcorp Technology Secondary Fund 2018, L.P., and Mill Reef Capital Fund SCS. The agreement involves the exchange of shares and cash, resulting in OpSec becoming a wholly-owned subsidiary of Pubco, which is a subsidiary of Investcorp Europe Acquisition Corp I. The transaction is expected to close in the second half of 2023.