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Announced

Completed

New Mountain Capital-backed Accolite Digital completed the acquisition of TeamTek Consulting.

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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Single Bidder

Majority

Friendly

Cross Border

it services

Completed

Acquisition

IT Services: Other

Private

United Kingdom

Private Equity

Synopsis

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New Mountain Capital-backed Accolite Digital, a cloud and digital product engineering services provider, completed the acquisition of TeamTek Consulting, a digital services provider. Financial terms were not disclosed. "We are excited to partner with TeamTek and welcome their team of technology experts to Accolite. Together, we will sharpen our offerings in Capital Markets as we aspire to be the global leader in digital transformation services. TeamTek's deep domain expertise and proven track record delivering to large Banking and Financial Services clients will further deepen our presence in the EMEA & APAC regions," Leela Kaza, Accolite Founder and CEO.

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