Permira's Exclusive Group bolts on Nuaware

The add-on is intended to provide additional services and global reach to Nuaware's portfolio, according to a statement. The acquisition of Nuaware will also enable Exclusive Networks to continue to take advantage of digitalisation trends.

The company will continue to operate as a distinct business entity as part of Exclusive Networks.

Permira acquired Exclusive Networks in April 2018 from Cobepa and Andera Partners in a deal that valued the company at €1.3bn. Permira deployed equity via Permira VI, which closed in January 2017 on €7.5bn and deploys equity tickets of €250m-1bn. A syndicate comprising Morgan Stanley, Societe Generale, Deutsche Bank, Goldman Sachs, ING and RBC provided debt to support the buyout, as well as a €90m revolving credit facility.

At the time of Permira's investment, the company reported revenues of €1.27bn, compared with sales of €650m in 2015.

Exclusive Networks has now made six add-on acquisitions during Permira's investment period, comprising targets located in Europe, Hong Kong and Canada.

Company
Founded in 2016 by Zaheer Javaid and Luke Hasty, Nuaware works with software vendors, service providers, systems integrators and DevOps consultancies to provide cloud network services for businesses. Its portfolio includes lead detection, solution design, implementation, and training courses. The company is based in London and has fewer than 50 employees, according to LinkedIn.

People
Permira – Benoit Vauchy, Michaeil Zekkos (partners).
Exclusive Networks – Jesper Trolle (CEO).
Nuaware – Zaheer Javaid (co-founder, director).

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