PE-backed lyntia Networks completed the acquisition of Evolutio Business Connectivity from Portobello Capital.

AXA, Swiss Life AM and Morrison & Co-backed lyntia Networks completed the acquisition of Evolutio Business Connectivity, an IT services provider, from Portobello Capital, a private equity firm. Financial terms were not disclosed. "We are very thrilled with our new alliance with Evolutio Group. The combination of resources and experience of lyntia Networks and Evolutio Business Connectivity will allow us to offer more innovative and high-quality solutions, as well as expand our network and continue to add value to the businesses of our wholesale customers," José Antonio López, lyntia Networks CEO.