Secondary buy-out of Agilitas IT by Perwyn

Deal typeM&A & Private Equity
IndustryTechnology & Media

BDO Tech M&A is delighted to have advised NVM and management vendors on the secondary buy-out of Agilitas IT Holdings by Private Equity and growth investor Perwyn. 

Agilitas is a leading provider of global technology solutions to the IT channel, specialising in software enabled “Inventory as a Service”.  It is a mission critical partner for its clients across the IT channel from OEMs to managed service providers and has delivered double digit growth and margin enhancement through its unique ability to leverage customers and aggregate costs. 

The Capex to Opex model makes Agilitas an increasingly attractive partner as the IT channel continues to outsource the provision of spares. The Nottingham headquartered company operates in over 65 countries worldwide and has access to over 22,000 IT channel engineers delivering a trusted and reliable service at scale.

The buy-out of the Company by Perwyn backs management, led by CEO Shaun Lynn, to accelerate the international growth plan and provides the requisite resource to execute a number of transformational opportunities. NVM initially backed management in 2014 and the exit represents 8.4x on their investment.

Perwyn is an international private equity and growth equity investor, benefitting from evergreen private funding and an entrepreneurial, operationally-engaged approach. Perwyn seeks to build partnerships with the founders and management teams of high growth businesses, focusing on mid-market buy-outs of companies valued at £/€50-250 million and flexible growth investments.

Paul Russell, Tech M&A Partner, commented "The BDO M&A team is delighted to support NVM, Shaun and the team on the secondary buy-out by Perwyn. The business has invested in the platform in recent years and seen tremendous organic growth through both new logo acquisitions and customer penetration. The distinctive offering complements the growing trends to outsource non-core services and enhance IT channel sustainability"