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Announced

Completed

3i-backed Evernex completed the acquisition of Technogroup from Vitruvian Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

it solutions

Majority

Single Bidder

IT Services: Other

Private Equity

Acquisition

Friendly

Germany

Disposal

Cross Border

Completed

Synopsis

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3i-backed Evernex, a global international provider of third-party maintenance services for data centre infrastructure, completed the acquisition of Technogroup, an IT service provider for hard- and software in data centres, from private equity firm Vitruvian Partners. Financial terms were not disclosed. "With the acquisition of Technogroup, Evernex reinforces its status as a successful consolidation platform. This is already the second acquisition since October 2019 following Storex in South Africa four months ago," Rémi Carnimolla, 3i France Partner.

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