AURELIUS wins “Private Equity Turnaround of the Year” award for successful exit from Getronics

01.12.2017

AURELIUS wins “Private Equity Turnaround of the Year” award for successful exit from Getronics

  • Recognition by prestigious Institute for Turnaround (IFT) for the Group’s most successful exit to date
  • Jury impressed by the strategic realignment and substantial growth of Getronics under the AURELIUS umbrella

Munich/London, December 1, 2017 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) is the winner of this year’s award for Private Equity Turnaround of the Year. AURELIUS received the prestigious award from the Institute for Turnaround (IFT, www.the-ift.com) in London for its extremely successful sale of Group subsidiary Getronics. In early July 2017 AURELIUS divested Getronics to strategic Investor Bottega InvestCo S.à r.l. for EUR 220 million. The transaction was AURELIUS’ largest exit to date, and brought AURELIUS a cash multiple of 18.5 x on the capital invested.

Dr. Dirk Markus, CEO and Chairman of the Executive Board of AURELIUS Equity Opportunities: “We are delighted to receive the award. The positive development of the Getronics group under the AURELIUS umbrella shows very clearly how the focused deployment of our operative Task Force combined with a sustained expansion strategy can turn what were once neglected carve-outs into profitable, independent companies. The Getronics sale was just one of several successful exits this year.”

Strategic realignment and higher growth of Getronics under the AURELIUS umbrella

AURELIUS acquired ICT service provider Getronics in May 2012 from KPN in the Netherlands, and since that time has positioned it as a dependable information and communications technology partner for medium to large companies, combining local accessibility with global reach. The service portfolio was tightened and focused on high-margin products with future potential. Getronics’ global presence received a noticeable boost by the reconfiguration of the Global Workspace Alliance (GWA) together with US partner company CompuCom. Service offerings standardized across all Alliance members brought a lasting increase in profitability, as well as new growth opportunities. Five strategic add-on acquisitions during its time with AURELIUS allowed the Getronics Group to expand geographically as well as in its service portfolio. While an AURELIUS Group portfolio company, the staff count of the Getronics Group grew by over 20 percent.