Buyout (LBO, MBO, MBI) • Information Technology

Axxess Capital Acquires Star Storage

On February 25, 2014, private equity firm Axxess Capital acquired information technology company Star Storage

Acquisition Context
  • This is Axxess Capital’s 2nd transaction in the Information Technology sector.
  • This is Axxess Capital’s 13th transaction in Romania.

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M&A Deal Summary

Date February 25, 2014
Target Star Storage
Sector Information Technology
Buyer(s) Axxess Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Star Storage

Bucharest, Romania
Star Storage is one of the major Romanian IT companies providing solutions and services (including BPO) to manage the entire life cycle of information generated in enterprises, SMB, and the public sector. Star Storage is active in several lines of business related to content management, with a strong focus on its own software products delivered on-premise or on-demand (SaaS). The SaaS business model is backed by its Data Center business unit and channeled through international MSSPs and Cloud Service Brokers/Integrators. Star Storage was founded in 2000 and is based in Bucharest, Romania.
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Buyer Overview 1

Buyer

Axxess Capital

Bucharest, Romania

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Axxess Capital is an Eastern European private equity manager focused on investing in Romania and Bulgaria. Axxess looks to commit €5 to €15 million per transaction and targets investments in industry-leading, growth-oriented companies with positive cash-flows. Broad areas of interest include business services, consumer services, and consumer products. Axxess Capital was formed in 1995 and is based in Bucharest, Romania.


Deal Context for Buyer #
Overall 16 of 17
Sector: Information Technology 2 of 2
Type: Buyout (LBO, MBO, MBI) 10 of 10
Country: Romania 13 of 14
Year: 2014 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-14 Deutek SA

Bucharest, Romania

Deutek SA is a manufacturer and marketer of a large portfolio of well-known professional and consumer paint brands, including OSKAR and Danke!. The company’s products are sold in more than 120 do-it-yourself stores and 3,500 independent retail outlets in Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Nextebank

Voluntari, Romania

Nextebank is a provider of commercial banking services. Nextebank's vision is to become the first choice of informed, modern, dynamic customers looking for customized, fast, and efficient solutions. Nextebank was founded in 1993 and is based in Voluntari, Romania.

Buy -