Permira's Exclusive Group buys NextGen

Exclusive Group stated that Ireland was a key market in the technology distribution space, which would bolster its strategy of growth across the EMEA region.

The transaction closed on 3 July. The existing NextGen management team will remain invested in leadership roles in the new Exclusive Networks Ireland business.

Permira bought a majority stake in Exclusive Group from Cobepa and Andera Partners in April this year. The deal was understood to be worth approximately €1.3bn (enterprise value). Permira's equity for the investment came from global buyout investment fund Permira VI, closed in January 2017 on €7.5bn.

No additional equity was injected to finance the bolt-on.

Founded in 2003 and headquartered in Paris, Exclusive Group offers cybersecurity and cloud migration services. With 62 offices worldwide, Exclusive Group generates revenues of €1.27bn and employs 1,200 people.

Company
Founded in 2009, NextGen is a Dublin-based value-added distributor (VAD) of network, security and digital products, also offering services and training capabilities.

People
Exclusive Group – Olivier Breittmayer (CEO).
NextGen Group – Gerry Sheldrick (country manager).

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