KUALA LUMPUR, Feb 2 -- Vitruvian Partners, the international growth capital and buyout firm, has reached an agreement with Apax Partners sas, the European private equity firm based in Paris, to acquire a majority shareholding in Expereo.
Apax Partners will remain a minority shareholder alongside Vitruvian Partners and the company's management team, who will continue to lead the business.
The completion of the transaction is subject to obtaining customary merger control clearances, according to a statement.
“Vitruvian Partners will further bolster our ambitious growth trajectory, enabling us to capitalise even faster on the fundamental changes and opportunities digital transformation brings in the global network and cloud connectivity space,” said Expereo Chief Executive Officer, Irwin Fouwels.
Meanwhile, Vitruvian Partners Senior Partner, David Nahama said: “Together with Apax, we believe we have significant capital and operational capabilities to support Expereo's growth and acquisition aspirations.”
The world's leading provider of Managed Internet, Cloud access and SD-WAN solutions, Expereo has a strong track record of growth, financial performance and value-enhancing acquisitions.
This solidifies its position as a market leader in providing managed Global Internet and network connectivity solutions to its communication service provider partners and an impressive array of multinational corporate customers spanning the globe.
More details at www.expereo.com.
-- BERNAMA
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