UK - Duke Street Capital acquires 2e2 from Gresham in £130m deal
Duke Street Capital (DSC), has agreed to acquire leading IT services business 2e2 in a £130m secondary management buyout from Gresham Private Equity. 2e2, which has operations in the UK, Channel Islands, Holland and the Isle of Man, operates in a number of fast growing and highly innovative markets. It has a leading position in internet telephony and converged communications and is building scale in the data storage and security markets. In combination with its network maintenance business, 2e2 is able to offer its clients a full Managed Service based on 3-5 year contracts. Revenue for 2006 is expected to be £155m and the business has been growing organically in excess of 20% per annum.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater