AnaCap sells Syscap to Wesleyan

The trade sale will see Birmingham-based Wesleyan take over the business acquired by AnaCap in a 2006 MBO.

Syscap managing director Philip White will stay with the company, and the firm's 69 staff will remain at their current locations in New Malden and Northwich.

Previous funding
AnaCap acquired Syscap in 2006 for around £60m, following an auction process. Royal Bank of Scotland provided debt for the deal – leverage consisted of two tranches of senior debt and working capital facilities. The business employed 115 people at the time.

Company
Syscap is British finance and leasing provider in the ICT sector. It structures and arranges finance leases for ICT hardware and software, and also provides short-term business loans.

Founded in 1990, the company employs 69 people.

People
Joe Giannamore is the co-managing partner of AnaCap. Craig Errington is the CEO of Wesleyan.

Advisors
Equity – Deloitte, Darren Babcock, Simon Thompson, Richard Monahan, Peter Croom (Financial due diligence); The Wilkes Partnership, Jeremy Parkin (Legal).
Vendor – IMAS Corporate Finance (Corporate finance); CMS (Legal).
Company – Marriott Harrison (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Exits
• Financials
• United Kingdom
• AnaCap Financial Partners
• Trade sale