ECI Partners portfolio company IT Lab has acquired Microsoft software integrator Sol-Tec.
Investment in IT consultancy firm is the third from the Munich-based GP's debut fund
P101 invests €3.5m in the company from two vehicles, Programma 102 and co-investment fund ITA500
Fund targets mid-market European companies generating EBITDA of at least €3m and revenues of €30-150m
GP wants to suspend its 2019 dividend, and senior execs will contribute 10% of their bonuses to the fund