GS-backed Advania to acquire Content+Cloud from ECI Partners.

GS-backed Advania, a Nordic IT corporation, agreed to acquire Content+Cloud, a Microsoft-focused cloud services, digital transformation and managed services provider, from ECI Partners, a mid-market private equity firm. Financial terms were not disclosed. "Being able to join forces with Peter and his team is an exceptional opportunity for Advania to enhance our customer proposition and to scale our offering outside the Nordics. For Advania the acquisition of C+C is a major step towards becoming a leading Northern European IT services provider with our decentralised model, customer intimacy focus and long-term relationships," Mikael Noaksson, Advania CEO.