Announced
Financials
Sources
Tags
Denmark
Private
IT Services: Other
digital transformation
Majority
Acquisition
Private Equity
Friendly
Single Bidder
Synopsis
Hg invested in IT Relation, a leading Danish supplier of managed IT services to small and medium sized enterprises (SMEs). Hg acquired a majority stake in IT Relation from Adelis Equity Partners. The terms are not disclosed. Nick Jordan, Partner and Jonas Samlin, Principal, at Hg, said: “Henrik Kastbjerg and the IT Relation management team have built an exceptional business addressing the need for SMEs to operate their mission-critical IT in the cloud. We look forward to partnering with the business in the next phase of growth in Denmark and internationally.”
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