Investcorp's Calligo acquires Mico Systems

The GP provided acquisition finance to support the transaction, Investcorp managing director Gilbert Kamieniecky confirmed to Unquote.

The deal mark's Calligo's second North American acquisition in quick succession, following the bolt-on of Canadian cloud services provider 3 Peaks in October 2017, and its third in the country since Investcorp's initial investment.

As part of the deal, Mico Systems president and CEO Scott Barrett will take on the role of vice-president and general manager for Canada at Calligo.

Investcorp invested $20m in Calligo in November 2016; the funds were specifically earmarked for international expansion and bolt-on acquisitions.

Kamieniecky told Unquote that the business has roughly trebled its turnover since the GP first invested.

Company
Founded in 1994 and headquartered in Oakville, Ontario, Mico provides outsourced IT management for small to medium-sized businesses.

People
Investcorp – Gilbert Kamieniecky (managing director); Georg Knoflach (vice-president).
Calligo – Julian Box (CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Build-up
• Investcorp