Acting as the lead advisor, Reading-based Spectrum Corporate Finance has successfully advised US-based private equity fund Garnett and Helfrich Capital LLP on the sale of portfolio business MTI Europe BV to UK-based private equity firm Endless LLP.
MTI is a £70 million turnover, European market-leading provider of IT storage infrastructure and security solutions to national and global enterprises.
Headquartered in Godalming, Surrey and operating predominantly in the UK, Germany and France, MTI provides services including on-site and cloud-based storage, security solutions and infrastructure-as-a-service. MTI is an expert in these fields, delivering a complete lifecycle service incorporating all elements from design to installation through to ongoing support & maintenance services, and a full managed service offering.
Spectrum ran a competitive sales and marketing process, completing the whole deal from start to finish in only four months. The business attracted interest from global trade and private equity buyers before agreeing to sell to Endless LLP. Drawing on their successful experiences of owning similar businesses in the sector, Endless plans to utilise its transformational and buy & build capabilities to support management in growing the company over the coming years.
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