Kartesia finances Perwyn’s buyout of Agilitas
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce a debt funding package for the acquisition of Agilitias IT Solutions Limited (“Agilitas” or “The Company”), a UK provider of “inventory-as-a-service” (“IaaS”) solutions focused on the IT supply chain.
Founded in 1990 and based in Nottingham, Agilitas is a leading provider of global tech solutions for IT channel partners including resellers, managed service providers, system integrators, vendors and distributors. The Company has access to 2,000 stocking locations across 67 countries and a partner network of 22,000 technical experts.
Kartesia has provided unitranche and Capex / Acquisition financing to support Perwyn with its acquisition of a majority stake in Agilitas, and for future deployment of Growth Capital Expenditure, in support of new contract wins. The transaction has been completed using capital from Kartesia’s Senior Opportunities I fund (KSO I) and means that the UK team has now closed four deals in the UK in as little as five months.
The deal team at Kartesia comprised Jaime Prieto, Nick Holman and Karan Patole.
Mark Blower, Partner at Perwyn, said: “We are pleased to have the support of Kartesia in our acquisition of Agilitas, a market-leading IT solutions provider which stands to gain from the significant opportunity in the IaaS market. We look forward to working closely with Shaun, the management team and Kartesia as we seek to capitalise on Agilitas’ growing market opportunity.”
Nick Holman, Director and Head of KSO UK at Kartesia, added: “This is a great opportunity for Kartesia to partner with a leading growth-focused investor such as Perwyn, which has a track record in supporting fast-growing businesses like Agilitas. We believe the market has only just begun to realise the potential attraction of IaaS versus traditional insourced solutions, and Agilitas’ strong market position and reputation, makes them well-positioned to continue to outgrow the market, in the UK and Europe.”