Intersaction backs PQR and 2ML merger

Gilde has sold its minority stake in PQR after backing the company for almost 20 years. PQR's merger with 2ML is besides being supported by Dutch private equity firm Intersaction, which comes in as a new investor for both groups.

Intersaction partner Joost Becker will join PQR's supervisory board as part of the transaction. 

Rolf van Gameren, who founded PQR in 1990, is handing over the management to 2ML's owners Daan Brenninkmeijer and Robin de Vries, as well as to PQR's current managing director Ronald Schaap. 

However, PQR will continue to operate under the same brand, the company said in a statement. The new entity resulting from the merger will employ 160 employees in total, 50 of whom will come from 2ML.

Debt
The debt was supported by a debt package provided by ABN Amro.

Previous funding
Gilde started supporting PQR in 1998, when it injected €17.92m into the group to acquire a minority stake, according to unquote" data.

Company
Founded in 1990 and based in De Meern, the Netherlands, PQR provides information communication technology consulting services. The group advises on configuration and technical design, and also provides deployment, management and security of IT infrastructures. For instance, PQR provided the Dutch police with a surveillance camera system. It also works for municipalities and businesses. PQR had revenues of €129m in 2016 with a net profit of €2.7m.

Based in Amsterdam and founded in 1999, 2ML provides IT services, cloud services and web hosting. The group employs 50 people.

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