New York, April 2, 2024/PR Newswire – Clayton Dubilier & Rice (“CD&R” or the “Firm”) and BC Partners today announced that they have entered into a definitive agreement under which funds affiliated with CD&R will acquire a majority ownership position in Presidio, a leading technology services and solutions provider, from BC Partners. As part of the transaction, funds affiliated with BC Partners will retain minority ownership interest in Presidio. Terms of the transaction were not disclosed.

With more than 6,660 customers, relationships with leading technology providers such as Amazon, Palo Alto Networks, Microsoft, Google, Cisco and Dell and more than 3,500 team members, Presidio is a leading provider of IT and digital solutions. It offers customers a full suite of solutions from data and analytics, cloud services, cybersecurity solutions and infrastructure to keep pace with evolving digital transformation, rising security needs, and new workplace demands.

“CD&R is an experienced technology investor with a longstanding track record of applying an operational mindset to build businesses with enduring value, and our leadership team and I are excited to welcome CD&R as Presidio’s new investment partner,” said Bob Cagnazzi, CEO of Presidio. “We remain committed to growing by continuing to deliver high-quality technology solutions and services to help our customers deliver impactful outcomes through the strategic use of technology. The technology depth of our Presidio team, along with the operating expertise of CD&R and continued support of BC Partners, will help us execute on our ongoing business evolution to deliver world-class solutions to customers, drive deeper relationships with our technology ecosystem partners, and create opportunities for our employees worldwide.”

Mr. Cagnazzi continued, “I would like to thank BC Partners for their true partnership, as we expanded our offerings as a leading technology services and solutions provider. We are well positioned for the future and look forward to working closely with our investors as we advance our business strategy.”

BC Partners acquired Presidio in 2019, successfully delisting the Company from the Nasdaq in a $2.1 billion take private transaction. Under BC Partners’ ownership, Presidio initiated and completed a transformative growth plan, developing a leading cloud services business and expanding internationally. In turn, the Company realized strong growth across key financial metrics.

“It has been a pleasure to partner with Bob Cagnazzi and the entire Presidio team, who have done an incredible job of transforming the business and positioning it as a true global market leader,” said Fahim Ahmed, Partner at BC Partners. “Over the last four years, Presidio has expanded its portfolio in critical offerings such as cloud services and compelling new geographies. This investment further exemplifies BC Partners’ proven approach of working closely with our portfolio partners to help them accelerate their growth trajectories and reach their potential, for the benefit of all stakeholders. Presidio is well positioned for continued success, and we look forward to their next chapter of growth.”

Upon completion of the transaction, CD&R Operating Partner Bill Berutti will serve as Chair of Presidio’s Board of Directors.

“Presidio is at an important and exciting inflection point, and we are thrilled to have the opportunity to partner with Bob and his colleagues and the BC Partners team to help the company seize the numerous growth opportunities in front of it,” said Bill Berutti, Operating Partner at CD&R and former CEO of Plex Systems. “We have followed Presidio closely for some time and continue to be impressed by its growth and the management team’s strategic vision and execution abilities. We are excited to support the business and build on the already strong relationships they have with their customers.”

“We look forward to bringing our technology and distribution experience to further deepen Presidio’s technology ecosystem relationships and expand the company’s software, cloud and managed services offerings to make Presidio an even more valuable and trusted partner to its customers,” said Harsh Agarwal, Partner at CD&R.

The transaction is expected to close in the second quarter of 2024, subject to customary closing conditions.

J.P. Morgan Securities LLC, Citi, Wells Fargo, RBC Capital Markets LLC, BNP Paribas Securities Corp., UBS Investment Bank and Deutsche Bank Securities Inc. provided financing and served as financial advisors to CD&R. Debevoise & Plimpton LLP served as legal advisor to CD&R. Guggenheim Securities, LLC and LionTree Advisors served as financial advisors to BC Partners and Kirkland & Ellis LLP acted as legal advisor.

About Presidio At Presidio, speed and quality meet technology and innovation. With a decades-long history of building traditional IT foundations and deep expertise in automation, security, networking, digital transformation, and cloud computing, Presidio is a trusted ally for organizations across industries. Presidio fills in gaps, removes hurdles, optimizes costs, and reduces risk. Presidio’s renowned technical team develops custom applications, provides managed services, enables actionable data insights and builds forward-thinking solutions that drive extraordinary outcomes for customers globally. For more information, visit www.presidio.com.

About Clayton, Dubilier & Rice Founded in 1978, CD&R is a leading private investment firm with a strategy of generating strong investment returns by building more robust and sustainable businesses through the combination of skilled investment experience and deep operating capabilities. In partnership with the management teams of its portfolio companies, CD&R takes a long-term view of value creation and emphasizes positive stewardship and impact. The firm invests in businesses that span a broad range of industries, including industrial, healthcare, consumer, technology and financial services end markets. CD&R is privately owned by its partners and has offices in New York and London. For more information, please visit www.crd-inc.com and follow the firm’s activities through LinkedIn and @CDRBuilds on X/Twitter.

About BC Partners BC Partners is a leading investment firm with over €40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for over three decades in developing the European buy-out market. Today BC Partners integrated transatlantic investment teams work from offices in Europe and North America and are aligned across our four core sectors: TMT, Healthcare, Services & Industrials, and Consumer. Since its foundation, BC Partners has completed over 127 private equity investments in companies with a total enterprise value of over €160 billion and is currently investing its eleventh private equity buyout fund. For further information, visit www.bcpartners.com.

• Avetta’s platform is the world’s largest supply chain risk management network with over 500 hiring clients and 130,000 suppliers across more than 130 countries
• Avetta’s solution improves the resilience of supply chains worldwide by helping hiring clients and suppliers manage their supply chain risk effectively and improve safety, security, sustainability, worker competency, and performance across major industries
• EQT commits to supporting Avetta in its ongoing growth and innovation journey

EQT Private Equity announced today that the EQT X fund (“EQT”) has agreed to acquire Avetta (the “Company”) from Welsh, Carson, Anderson & Stowe (“WCAS”). Avetta is a global leader in supply chain risk management software.

For more than two decades, Avetta’s innovative SaaS platform has enabled clients to manage supply chain risks across health, safety, and sustainability, among other risk vectors. With 12 offices around the globe and more than 750 employees, Avetta’s global network spans over 130 countries, empowering over 500 hiring clients and 130,000 contractors to reduce accidents, improve compliance rates, and achieve higher levels of operational, sustainability, and ethical excellence.

Global supply chains face increasing complexity from globalization and digitization, as well as heightened safety, compliance and sustainability requirements. As an established, cloud-based SCRM platform backed by decades of innovation and with global scale, Avetta is well-positioned to help clients manage this complexity, creating higher resilience in global supply chains.

By leveraging its global footprint, purpose-driven approach, and digital and sustainability expertise, EQT will support Avetta’s ongoing growth journey. Through the development of new products and technologies, adoption of AI / automation, and global expansion, Avetta will further enhance its value proposition to both hiring clients and suppliers. Together, EQT and Avetta are committed to investing in innovation to address the critical challenges facing global supply chains today.

Arvindh Kumar, Partner and Co-Head of Technology within EQT’s Private Equity Advisory Team, said, “Avetta’s leadership position, world-class SaaS platform, and commitment to ESG represent a highly thematic investment opportunity for EQT. As one of the most active technology investors worldwide, EQT has deep software expertise and a broad network of advisors in the space. We look forward to partnering with Avetta and the management team on its next phase of growth and are excited to address some of the most pressing challenges in the supply chain sector.”

“Our partnership with EQT propels Avetta into a new era of innovation and growth, reinforcing our dedication to fostering safer, more sustainable workplaces across our global clients and suppliers,” remarked Arshad Matin, CEO of Avetta. “This transition is not just a significant milestone for Avetta but for the supply chain risk management (SCRM) industry at large. With the support of EQT, we are poised to enhance our product suite and operational reach further, as demonstrated by ‘Ask Ava,’ our pioneering generative AI risk assistant. As we embrace this exciting phase of expansion, we extend our deepest gratitude to WCAS for their unwavering support and partnership over the past six years.”

Christopher Hooper, General Partner at WCAS, stated, “WCAS is proud to have helped guide Avetta’s strategic evolution and achievement of substantial growth, both organically and through strategic acquisitions. Avetta is an excellent example of how WCAS supports accelerating value creation and driving technology businesses to the next level. With our co-investors TCV and Norwest Ventures Partners (NVP), we’re proud to have helped transform Avetta into a leading network for managing third-party supplier risk across a broad array of risk types including safety, business risk, ESG and workforce management.”

“Critical to this transformation has been the assembly of a world-class management team, led by Arshad Matin. Their leadership has been pivotal in Avetta’s enterprise scaling and innovation,” said Mr. Hooper. “We are confident in Avetta’s continued success under EQT’s ownership, assured that the foundation we’ve built will continue to thrive and set new benchmarks.”

With this transaction, EQT X is expected to be 35-40 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on the actual fund size and subject to customary regulatory approvals.

The transaction is subject to customary conditions and approvals and slated for completion in the coming months, pending customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.

Advisors

Goldman Sachs & Co. LLC served as exclusive financial advisor and Kirkland & Ellis served as legal counsel to Avetta. Citi served as exclusive financial advisor and Ropes & Gray served as legal counsel to EQT.

Contacts:

For EQT:

press@eqtpartners.com

For WCAS:

Fran Higgins
212 893-9504
fhiggins@wcas.com

Greg Lau
212 893-9586
glau@wcas.com

For Avetta:

Jenn Zimmer

avetta@hoffman.com

About EQT

EQT is a purpose-driven global investment organization with EUR 232 billion in total assets under management (EUR 130 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com 

Follow EQT on LinkedIn, X, YouTube and Instagram

About WCAS

WCAS is a leading U.S. private equity firm focused on two target industries: technology and healthcare. Since its founding in 1979, the Firm’s strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives and strategic acquisitions. WCAS has raised and managed funds totaling over $33 billion of committed capital. For more information, please visit www.wcas.com.

About Avetta

The Avetta SaaS platform helps clients manage supply chain risk and their suppliers to become more qualified for jobs. For the hiring clients in our network, we offer the world’s largest supply chain risk management network to manage supplier safety, sustainability, worker competency and performance. We perform contractor prequalification and worker competency management across major industries, all over the globe, including construction, energy, facilities, high tech, manufacturing, mining and telecom. More info: www.avetta.com

About Norwest

Norwest Venture Partners is a global venture and growth equity investment firm managing more than $12.5 billion in capital. Since its inception, Norwest has invested in more than 700 companies and currently partners with more than 230 companies in its venture and growth equity portfolio. The firm invests in early- to late-stage businesses across key sectors with a focus on enterprise, consumer and healthcare. The Norwest team offers a deep network of connections, extensive operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Menlo Park and San Francisco, Calif.; Mumbai and Tel Aviv. For more information, please visit www.nvp.com.

About TCV

TCV is a leading growth equity investment firm focused on investing in global, category-defining, technology companies. Leveraging its deep industry expertise and strategic resources, TCV’s mission is to provide long-term capital and support to high-quality management teams across their growth journey. Since its founding in 1995, TCV has invested over $18 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions, making it one of the most active technology investors. TCV has a global presence in Menlo Park, New York, London and Melbourne. For more information on TCV and its investments, visit www.tcv.com.

Investment supports the acceleration of Rawlings’ strategic roadmap, capability expansion, and product development with a focus on delivering greater value for its clients

NEW YORK & LA GRANGE, KY – April 2, 2024 – The Rawlings Group (“Rawlings” or the “Company”), a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients, today announced a strategic investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $50 billion in assets under management. New Mountain is partnering with the Rawlings management team to support the next phase of growth for the Company, including investments in artificial intelligence, product development, and expansion into new markets and capabilities.

Rawlings is a leading technology-enabled payment integrity provider that delivers significant savings for its health insurance clients by identifying the correct third parties responsible for paying medical claims across its subrogation, workers’ compensation, coordination of benefits, and drug claim payment integrity offerings. The Company achieves meaningful financial outcomes for its clients through its differentiated subject matter expertise, longstanding commitment to service and quality, and proprietary technology platforms.

Founded by the late George Rawlings in 1977, the Company has been partnering with health insurance clients for more than 45 years to lower the cost of healthcare. Rawlings created the first ever subrogation outsourcing solution and soon after launched coordination of benefits and pharmaceutical claims recovery offerings that form the foundation of the Company’s capabilities today. Today, Rawlings serves more than 30 health insurance companies and delivers more than $1.5 billion in annual savings for its clients.

“George Rawlings built the industry leader in the payment integrity solutions we provide. With the help of our new partners, the company will continue its growth and success on behalf of health insurers,” said Ryan Little, CEO of The Rawlings Group. “With New Mountain Capital, we are equipped with the resources to accelerate our planned investments in technology, talent development, and innovative payment integrity solutions. We could not be more excited about the future and the role we’ll play in enhancing the experience of all stakeholders in the healthcare ecosystem.”

“We have long admired the Rawlings business and the Company’s reputation for outstanding client outcomes,” said Matt Holt, Managing Director and President, Private Equity at New Mountain. “New Mountain’s deep experience in healthcare technology and payer services, as well as its philosophy of building great businesses, will support Rawlings as the Company accelerates its strategic vision through investing in cutting-edge technology and AI capabilities, while building on its strong market reputation and client relationships.”

“Rising healthcare costs and increasing payment complexity create a significant need for firms that can help health insurance companies navigate these market dynamics. Rawlings’ deep subject matter expertise, augmented by its proprietary technology platform, positions the Company as a leading player in the coverage analytics space that delivers hard dollar savings for its clients,” added Brian Murphy, Managing Director at New Mountain. “We are excited to partner with the entire Rawlings organization to support the next phase of growth for the Company.”

Barclays served as financial advisor to Rawlings, and Debevoise & Plimpton LLP and Dentons Bingham Greenebaum LLP served as its legal advisors. AMB Investment Bank served as financial advisor and Ropes & Gray LLP served as legal advisor to New Mountain Capital.

NEW YORK–(BUSINESS WIRE)–iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, and Mirador, a leading technology-enabled provider of investment data aggregation and financial reporting across both alternative and traditional investments, today announced they have entered into a definitive agreement under which iCapital will acquire Mirador. With the acquisition, iCapital will expand its data management and reporting capabilities to create an enhanced technology experience for clients in the wealth management, family office, endowment, and foundation segments.

“Mirador has set the industry standard for managing data with leading third-party performance reporting providers,” said Lawrence Calcano, Chairman and CEO of iCapital. “This acquisition further enhances and broadens the service model iCapital delivers through our market-leading alternative investment operating system and allows us to deliver on our goal of creating a reliable end-to-end data management capability for the industry.”

Mr. Calcano further commented, “Integrating Mirador’s exceptional financial reporting capabilities creates a holistic solution for both wealth and asset managers.”

Mirador delivers an array of services for its client base, including advisors serving high-net-worth investors, family offices, endowments, and foundations. Mirador’s offerings include consolidated financial reporting, private investment support, offline and alternative investment data management, K-1 document management, and compensation management for wealth management firms. Mirador also has a technology consulting team offering custom wealth technology solutions.

“Mirador and iCapital share a commitment to provide the wealth management community with easier access to alternative investments. By combining Mirador’s data aggregation, comprehensive reporting capabilities, and customizable service model with iCapital’s scale, global reach, and industry-leading technology solutions, we will offer clients of both firms a robust suite of enhanced resources,” said Joseph Larizza, CEO and President of Mirador. “Together, we meet clients precisely where they are and provide an experience without rival when integrating alternatives into investment portfolios.”

iCapital’s platform, analytic tools, and advisor education resources enable wealth managers and fund managers to streamline their operational infrastructures to provide advisors and high-net-worth investors with a digital investing experience across a broad spectrum of alternative investments – including private equity, private credit, real assets, hedge funds, registered funds, structured investments, and annuities.

As part of the transaction, over 180 employees of Mirador are expected to join iCapital. Terms of the agreement were not disclosed.

Morgan Stanley & Co. LLC and Goodwin Proctor LLP are serving as advisors to iCapital. Raymond James and DBM Legal Services LLC are serving as advisors to Mirador.

About iCapital iCapital powers the world’s alternative investment marketplace offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities and an innovative operating system. iCapital is the trusted technology partner to independent financial advisors, wealth managers, and asset managers, offering unrivaled access, technology, and education to incorporate alternative assets into the core portfolio strategies for their clients.

At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $180.92 billion in global platform assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools.

iCapital employs more than 1200 people globally, and has 13 offices worldwide including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance including Forbes Fintech 50 for 2018, 2019, 2020, 2021, 2022, 2023, and 2024 and MMI/Barron’s Industry Awards as Solutions Provider of the Year for 2020, 2021, 2022, and 2023.

For more information, visit icapital.com | Twitter (X): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc/

About Mirador, Inc. Grounded in Wall Street and enabled by technology, Mirador combines powerful data science and deep financial expertise to provide best-in-breed financial reporting services, middle office services, and technology solutions and products to the U/HNW wealth management industry. Through partnerships with leading technology platforms, Mirador’s flagship award-winning consolidated reporting creates insightful, consolidated, real-time views of all assets and liabilities – what they are, who holds them, how ownership is divided, how they’re invested, and how they’re performing – strategically constructed to identify opportunities and expose financial risks.

Founded in 2015, the firm employs over 180 professionals working from offices in Stamford, CT (HQ), Chicago, IL, Jacksonville, FL, Salt Lake City, UT, Edinburgh, Scotland and London, England, and supports the performance reporting requirements of family offices, wealth managers, endowments, and foundations throughout North America, South America, EMEA, and Asia Pacific.

For more information on Mirador, please visit www.Mirador.com.

SOURCE Business Wire

LYON, France – February 2024

Fluid Topics, the leading Content Delivery Platform for product information, announced today the successful completion of its Series B funding round. Kennet Partners, a growth equity investor focused on capital-efficient companies, has invested €15 million in the company to reinforce Fluid Topics’ premier position on the market by scaling operations across the United States and leveraging the potential of artificial intelligence in customer support applications. Existing investors include Ventech, the pioneering pan-European early-stage VC, and Credit Mutuel Innovation.

Founded in 1999 by Fabrice Lacroix, Fluid Topics pivoted in 2014 when it launched its Content Delivery platform, reinventing how people search, read, and interact with product documentation. “For complex products, documentation often runs to tens of thousands or even millions of pages. This makes it extremely difficult for maintenance and repair technicians to find their way around. Fluid Topics has revolutionized customer support by guiding technicians to the information they need at any stage of their service calls”, explains Fabrice Lacroix, CEO of Fluid Topics.

Specifically, Fluid Topics’ SaaS-based platform unifies all product knowledge from a company: technical documentation, datasheets, marketing material, multimedia and more. It then delivers it as actionable information tailored to the user in a contextualized, personalized, and secure way, via business applications and digital communication channels.

A global enterprise customer base

Having developed almost exclusively internationally, Fluid Topics now generates 60% of its sales in North America and 40% in Europe, particularly in Germany, Switzerland, Austria, and the Nordics, with steady annual growth of over 45%. The company is serving a prominent customer base, including Fortune 500 companies and industry leaders such as Liebherr, Siemens, Johnson Controls, and Teradata. Over the past years, Fluid Topics has become the go-to solution for tech companies of all sizes seeking to enhance user self-service, case deflection, customer support, and field service operations with distinctive business applications fueled by product knowledge.

The funding aims to maintain the growth rate achieved by Fluid Topics in recent years. The company expects to increase sales to over 25 million euros in the next 3 years, while its workforce plans to grow from 80 to 150 employees by 2027.

This growth will be supported by opening a US team in 2024, whose mission will be to target the SMB market, which is more difficult to address from France.

Virtual assistants to guide technicians

The integration of Generative AI is the second major area of development. Artificial intelligence offers major opportunities for applications based on product content and strengthens the market position of Fluid Topics which has over 20 years’ experience in semantic search, natural language processing, and content governance. Specifically, Generative AI will enable virtual assistants to guide technicians while working on products, and answer their questions, even the most complex ones.

“Fabrice and the team have built an exciting business in a highly capital-efficient manner. We have been impressed by Fluid Topic’s strong financial performance and high-quality enterprise customer base. We are very excited to be partnering with the company to help it scale in the US and to further capitalize on the opportunities that AI enables,” said Hillel Zidel, Managing Director of Kennet.

Cillian Hilliard, Director, and Hillel Zidel, Managing Director at Kennet, will join Fluid Topics’ board of directors, alongside current members Claire Houry, General Partner at Ventech, and Maxence Valero, Investment Director at Credit Mutuel Innovation. Eric Barroca, founder and former CEO of Nuxeo, a Content Services platform for which Kennet helped accelerate the growth trajectory between 2016 and 2021, will also be appointed as an independent board member. Barroca’s successful development of Nuxeo and deep expertise in AI will further strengthen Fluid Topics’ commitment to strategic expansion.

“This funding round empowers us to accelerate in a market shifting rapidly towards solutions that transform operations and enhance competitiveness. As the leading platform, we take pride in offering cutting-edge technologies with utmost attention to security and seamless implementation,” said Fabrice Lacroix, CEO of Fluid Topics.

About Antidot:

Antidot is a SaaS company that leverages over 20 years of advanced research in semantic search, artificial intelligence, and content accessibility to develop Fluid Topics, the leading Content Delivery Platform for product information.

Fluid Topics unifies product content from all existing sources and delivers it as actionable information tailored to the user and situation. Serving Fortune 500 companies and tech organizations of all sizes, Fluid Topics is the go-to solution for tech companies seeking to enhance customer service and field service operations with distinctive business applications fueled by product knowledge. For more information, visit www.fluidtopics.com.

3i Group plc (“3i”) announces that Evernex, a global leader in third-party maintenance (“TPM”) services for data centre infrastructure, has acquired Maminfo, a leading Brazilian TPM player.

Founded in 2000 and headquartered in Sao Paolo, Maminfo specialises in maintenance for network equipment, serving blue-chip Brazilian telco operators. The company is recognised for its strong technical expertise and extensive geographic coverage, being the only TPM player with a local presence in all Brazilian states, enabling it to provide a superior service. Maminfo also owns and operates its own Network Operations Center (“NOC”), allowing 24/7 remote equipment monitoring and optimisation of equipment maintenance.

With this acquisition, Evernex reinforces its position as the leading TPM player in Brazil and Latin America. Maminfo will strengthen Evernex’s delivery capabilities in the region through its extensive local presence and NOC, complement the existing technical expertise by adding network equipment to the scope of equipment under maintenance and drive cross-selling opportunities by giving access to its wide range of blue-chip customers.

Today’s acquisition, the sixth since 3i’s investment in October 2019, reinforces Evernex’s position as a leading global TPM player, with leadership positions in Europe, MEA & APAC, as well as a growing presence in the US where the company has expanded in recent years, through both organic and acquisitive growth.

Evernex is set to benefit from the strong underlying trends driving the data centre TPM market, notably the surge of data consumption related to AI, the extension of IT hardware lifespans, and the increasing outsourcing of maintenance to specialised lT services players.

Adriano Marcelo, Founder and CEO, Maminfo, said: “Joining forces with Evernex presents an exciting opportunity for Maminfo to contribute to the growth of a global TPM leader. We are confident that our combined strengths will reinforce the position of Evernex in the Latin American market and beyond. I am committed to ensuring the continued success of Maminfo within Evernex.”

Stanislas Pilot, Executive Chairman, Evernex, said: “The addition of Maminfo to the Evernex family, our third acquisition in LATAM and second in Brazil, aligns seamlessly with our commitment to delivering top-notch IT services globally. We are excited to welcome Maminfo’s talented team into the Evernex fold, and we believe this strategic move will significantly enhance our capabilities in network maintenance.”

Rémi Carnimolla, Partner, 3i, said: “Maminfo is a great addition for Evernex. Its expertise in networking equipment is highly complementary and its strong footprint in Brazil will enable Evernex to enhance its offering to customers in the region. Our strategy is to grow Evernex into an integrated global leader and this acquisition is fully supportive of this goal.”

-ENDS-

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Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America.

For further information, please visit: www.3i.com

About Evernex

Evernex is a global provider of critical IT equipment maintenance, servicing over 360,000 IT systems in more than 165 countries. It is the preferred maintenance partner for multinational companies and has developed a multi-channel and multi-vendor flexible offering. Evernex incorporates circularity into its core offering by refurbishing and reusing equipment when it services client infrastructure.

For further information, please visit: www.evernex.com

About Maminfo

Founded in 2000 by Adriano Marcelo and headquartered in Sao Paolo, Maminfo is a leading provider of TPM services for IT network equipment in Brazil. With a local presence in all Brazilian states and more than 120 forward stocking locations, Maminfo has the most extensive geographic coverage of any TPM provider in Brazil. Its experience in network equipment and the high degree of technical expertise of its staff have given Maminfo a leading position in the Brazilian telco market.

For further information, please visit: https://maminfo.com.br

Regulatory information

This transaction involved a recommendation of 3i Investments plc, advised by 3i France.