Investment Summary

Garnett & Helfrich Capital Exits MTI Technology

On January 9, 2017, private equity firm Endless invested in information technology company MTI Technology from Garnett & Helfrich Capital

Investment Highlights
  • This is Endless’ 1st transaction in the Information Technology sector.
  • This is Endless’ 41st transaction in the United Kingdom.
Investment Fate
  • MTI Technology was sold to a strategic buyer in 2020.

Investment Summary

Date 2017-01-09
Target MTI Technology
Sector Information Technology
Investor(s) Endless
Sellers(s) Garnett & Helfrich Capital
Deal Type Secondary Buyout

Target

MTI Technology

Godalming, United Kingdom
MTI Technology is a provider of IT storage infrastructure and security solutions to national and global enterprises. MTI Technology was established in 1987 and is headquartered in Godalming, United Kingdom.

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Investor(S) 1

Investor

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


DEAL STATS #
Overall 42 of 76
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 12 of 19
Country: United Kingdom M&A 41 of 73
Year: 2017 M&A 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 West Cornwall Pasty

Buckinghamshire, United Kingdom

West Cornwall Pasty is a producer of hand made pasties. Selling authentic Cornish Pasties made in Penryn, in Western Cornwall, the business has a focus on selling products made from the very best ingredients, be it Fairtrade Coffee from Brazil, or the British sourced meat and vegetables that go into their pasties.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Excelsior Technologies

Flintshire, United Kingdom

Excelsior Technologies is a designer and manufacturer of flexible packaging products and supplies to a range of blue chip clients across the food and medical packaging sectors, including Birds Eye, Haribo, Premier Foods and SC Johnson.

Sell £33M

Seller(S) 1

SELLER

Garnett & Helfrich Capital

San Mateo, California, United States

Category Venture Capital Firm
Founded 2004
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Garnett & Helfrich Capital is a private equity firm that invests in mid-sized technology spinouts. The firm specializes in spinning out businesses from large global technology companies and growing them as specialized standalone businesses. Garnett & Helfrich Capital seeks to invest in the sectors of enterprise software, communications and networking, semiconductors, data processing, and internet content/infrastructure segments in the technology industry. The firm looks for acquisition opportunities in which the business has ongoing annual revenues between $40 million to $200 million. Potential businesses may or may not be profitable or cash flow positive. Moreover, businesses may be in need of new technology and products to expand the existing offering, and may be broken and orphaned within the parent organization. Garnett and Helfrich Capital was formed in 2004, and has offices in San Mateo, California and Portsmouth, New Hampshire.


DEAL STATS #
Overall 4 of 5
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Wyse Technology

San Jose, California, United States

Wyse is a provider of network-centric computing solutions. Wyse provides the hardware, software, and services that shift computing complexity to the network, freeing IT departments from unnecessary support and maintenance functions, empowering users to be more productive in their jobs, and protecting and improving access to critical information and business applications.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 Actian

Santa Clara, California, United States

Actian is a hybrid data management, cloud integration, and analytics solutions–powers insight-driven enterprises around the globe to help them solve the toughest data challenges. Actian was founded in 1980 and is based in Santa Clara, California.

Sell -