Comprehensive M&A data with integrated detailed company information

Permira gets Exclusive, alongside management
Posted on Friday, 13 April 2018 13:43
Private equity investor Permira has agreed to pick up a majority stake in Exclusive Group, a French provider of value-added services and technology, alongside members of the company’s management team. No financial details of the acquisition have been disclosed at this time, but a report on the deal by Challenges, citing a source close to the situation, said it could be worth as much as EUR 1.30 billion. Exclusive believes the injection will enable it to reach the next stage of its growth and development cycle with a view to expanding its service offering, vendor portfolio and presence, operations and global footprint. Chief executive Olivier Breittmayer said the deal is in line with the company’s plans to become the global specialist value-added distributor for cybersecurity and cloud migration. Permira technology partner Michail Zekkos emphasised the growing importance of cybersecurity as a factor in the investment. Completion of the acquisition remains subject to customary conditions and is slated to follow within the next few months. Exclusive was founded in 2003 and now operates 36 offices worldwide, with service and support capabilities in more than 100 countries. The Boulogne Billancourt-headquartered company employs in excess of 650 people. It has previously received investment from the likes of Edmond de Rothschild Investment Partners and Compagnie Benelux Participations, both of which injected an undisclosed sum into the business back in May 2015. Since then, Exclusive has completed two acquisitions of its own, according to Zephyr, the M&A database published by Bureau van Dijk. The first of these closed in January 2017, when it picked up TechXS Value Added IT Distribution. This was followed by July 2017’s purchase of California-based network security and data integrity player Trigem Enterprises. No financial details of either takeover were disclosed. © Zephus Ltd