Buyout (LBO, MBO, MBI) • Business Services

Altor Equity Partners Acquires Flex IT Distribution

On April 1, 2016, private equity firm Altor Equity Partners acquired business services company Flex IT Distribution

Acquisition Context

This is Altor Equity Partners’ 4th transaction in the Business Services sector.
This is Altor Equity Partners’ 3rd transaction in the Netherlands.

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M&A Deal Summary
Date	April 1, 2016
Target	Flex IT Distribution
Sector	Business Services
Buyer(s)	Altor Equity Partners
Deal Type	Buyout (LBO, MBO, MBI)

Target Company

Flex IT Distribution

Leiden, Netherlands

Flex IT distributor of circular IT hardware, software and services providing sustainable products to organizations in the commercial and public sector. Flex IT operates in two divisions, where the Distribution business distributes refurbished and renewed IT products, and the Rent business rents out new and refurbished IT hardware which is later sold through the Distribution business. Flex IT Distribution was founded in 1991 and is based in Leiden, Netherlands.

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Buyer Overview 1

Buyer

Altor Equity Partners

Stockholm, Sweden

Investor Investor

Category	Private Equity Firm
Founded	2003
PE ASSETS	8.3B EUR
Size	Mega
Type	Sector Agnostic

DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.

Deal Context for Buyer	#
Overall	52 of 99
Sector: Business Services	4 of 8
Type: Buyout (LBO, MBO, MBI)	24 of 43
Country: Netherlands	3 of 3
Year: 2016	1 of 4

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-12-15	Piab Stockholm, Sweden Piab is a provider of smart solutions for the automated world, helping thousands of end users and machine producers in e-commerce logistics, food, pharma, automotive and other manufacturing industries to improve energy-efficiency, productivity and working environments. Piab was founded in 1951 and is based in Stockholm, Sweden.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2015-12-15

Piab

Stockholm, Sweden

Piab is a provider of smart solutions for the automated world, helping thousands of end users and machine producers in e-commerce logistics, food, pharma, automotive and other manufacturing industries to improve energy-efficiency, productivity and working environments. Piab was founded in 1951 and is based in Stockholm, Sweden.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-04-14	Sbanken Bergen, Norway Sbanken is an independent online bank in Nordics. Sbanken offers a comprehensive range of financial products and services to individuals and households in Norway within payments and card services, deposit-based savings, investment products, long-term and short-term loans. Sbanken was founded in 2000 and is based in Bergen, Norway.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2016-04-14

Sbanken

Bergen, Norway

Sbanken is an independent online bank in Nordics. Sbanken offers a comprehensive range of financial products and services to individuals and households in Norway within payments and card services, deposit-based savings, investment products, long-term and short-term loans. Sbanken was founded in 2000 and is based in Bergen, Norway.

Buy

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Business Services M&A - Buyout (LBO, MBO, MBI) M&A Deals - Netherlands M&A - 2016 M&A