AURELIUS sells the Getronics Group– Biggest exit in history

06.07.2017

AURELIUS sells the Getronics Group– Biggest exit in history

  • Sales price EUR 220 million
  • Successful repositioning as a respected ICT partner to medium-sized and large enterprises
  • Substantial growth under the roof of AURELIUS through organic growth and strategic add-on acquisitions
  • Buyer Bottega InvestCo has extensive experience with ICT services

Munich, 6 July 2017 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) is selling its subsidiary Getronics to strategic investor Bottega InvestCo S.à r.l. Bottega is backed by its majority shareholder, US/Brazilian entrepreneur Nana Baffour, who operates in the IT services market through Grupo Cimcorp in Brazil as well as prestigious financing partners White Oak Global Advisors, Permira PDM and H.I.G. WhiteHorse. The sales price is EUR 220 million (enterprise value). The transaction shall be completed within in the next few days.

Successful repositioning as a respected ICT partner to small and medium-sized enterprises

After acquiring Getronics from Dutch KPN in May 2012, AURELIUS positioned it as reliable partner to medium-sized and large companies providing information and communications technology. It offers the twin advantages of local closeness to customers and global reach. The service portfolio was streamlined, with the focus shifted from conventional workspace services to promising, higher-margin products such as next-generation workspaces, applications and cloud-based services, as well as industry-specific solutions such as airport management and healthcare applications.

The global presence of Getronics was expanded considerably through the reconfiguration of the Global Workspace Alliance (GWA) together with U.S. partner CompuCom. A standardized service offering by all the members of this alliance made it possible to sustainably increase profitability and exploit new growth opportunities.

Substantial growth under the roof of AURELIUS through organic growth and strategic add-on acquisitions

The Getronics Group’s geographical presence and product portfolio were expanded considerably through five add-on acquisitions completed as part of a strategic acquisition program under the roof of the AURELIUS Group. The last new addition to the Getronics family was CMC (Colt Managed Cloud), the cloud business of Colt Group S.A., in April 2016. With the integration of CMC, a Europe-wide leading provider of cloud and hosting services, Getronics expanded its European cloud business considerably. With 4,500 employees, the Getronics Group generates revenues of approx. EUR 500 million in 20 countries on three continents.

“The positive development of the Getronics Group under the roof of AURELIUS is clear proof of our ability to develop once neglected peripheral businesses into highly successful, independent companies through the intensive work of our operational task force in combination with a sustainable expansion strategy,“ said Dr. Dirk Markus, Chairman of the Executive Board of AURELIUS Equity Opportunities.

Bottega has extensive experience with IT services

Nana Baffour has made numerous investments in ICT companies in the United States and South America. He is being supported in this transaction by prestigious financing partners such as White Oak and Permira. “The Getronics Group is of a significant scale and very well positioned with an innovative solutions portfolio that is aligned with client needs and the impact of technology in changing the world. I am particularly looking forward to working with its more than 4,500 employees across the world. We will build on the excellent work of AURELIUS and systematically continue to align the Getronics Group with the convergence of workspace, applications and the cloud and drive its global growth further. As we move into the next growth phase of Getronics, we will continue to be a great transformation partner for our clients, technology partners and employees,” said Nana Baffour.

William Blair advised AURELIUS on this transaction. Raymond James advised Bottega.

Telephone conference tomorrow, July 7, 2017 at 1pm CET

AURELIUS will hold a telephone conference in English for interested investors and press representatives at 1:00 pm CET on Friday, July 7, 2017. If you wish to participate, please send an e-mail to investor@aureliusinvest.de.