GSH Private Capital acquires Getronics in €200m deal

The GP, which was previously a minority shareholder in the company, said in a statement that it was "safeguarding thousands of jobs across Europe, Asia-Pacific and Latin America" and was taking control of the company "following a challenging period of transition for the business".

The company was owned by Brazilian company Bottega since 2017 and, according to sister publication Mergermarket, was in 2018 generating revenues of $1.3bn. According to the GP's latest statement, Getronics currently generates annual revenues of around €300m and employs 4,000 staff.

The GP has also appointed Kenton Fine as executive chairman, Mike Field as CFO and Andre Ribbens as group transformation director. 

Previous funding
Aurelius in 2012 acquired a 78% stake in Getronics, and increased its stake in the company to 100% three years later by purchasing the remainder from Dutch telecoms company KPN.

In 2017, Aurelius divested Getronics to Brazilian trade buyer Bottega for €220m, bringing the GP a cash multiple of 18.5x capital invested.

Company
Founded in 1887 and headquartered in Amsterdam, Getronics is an IT infrastructure company, providing both office-based and cloud-based networks. It generates revenues of €300m and employs 4,000 people.

People
Getronics – Rogier Bronsgeest (chief operating officer); Harsha Gowda (chief technology officer); Kenton Fine (executive chairman).

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