Pictet Alternative Advisors completed the acquisition of Technology Services Group.

Pictet Alternative Advisors, an alternative investment specialist, completed the acquisition of Technology Services Group, a provider of managed IT services. Financial terms were not disclosed. “TSG has an attractive and defensible business model, a high proportion of recurring revenue, and customers who value its service quality and technical expertise across the Microsoft tech stack. We see significant potential to increase TSG’s growth organically and via M&A. That includes solution areas in Azure, Dynamics and cybersecurity, as well as accelerating deployment of AI tools,” Andrzej Sokolowski, Pictet Head of UK for Direct Private Equity.