Agilitas acquires Danoffice IT

Financial details of the transaction remain undisclosed, though Agilitas is currently investing from its 2015 fund, which it used to back the £150m MBO of Exemplar Healthcare last year.

The company founder, Steen Nielsen, and CEO Per Svehag will reinvest as part of the deal and continue to work with the business. Agilitas investment executive Kevin Iermiin has taken a seat on the Danoffice board of directors.

Under its new ownership model, the business will look to expand the range of services it offers.

Debt
Nykredit Bank provided financing to support the transaction.

Company
Founded in 1995 and headquartered in Svendborg, Danoffice is an IT systems and equipment reseller. The company generated revenues of DKK 500m in 2016, according to a statement, and sells to both public and private sector clients. It has additional offices in Kenya, Switzerland, the US and South America.

People
Danoffice IT – Per Svehag (CEO, partner); Steen Nielsen (founder, chief business development officer, partner).
Agilitas Private Equity – Martin Calderbank (managing partner); Kevin Iermiin (investment executive).

Advisers
Equity – PwC (financial due diligence); Deloitte (tax); Qvartz (commercial due diligence); Plesner (legal); Ashurst (legal); GCA Altium (debt advisory); Marsh (insurance due diligence); GK Strategy (environmental social and governance, regulatory due diligence); Kjerulf & Partnere (management due diligence).
Company – Accura (legal); EY (tax).

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• Topics
• Buyouts
• Nordics
• Technology
• Denmark
• Agilitas