decor decor
"Small opportunities are often the beginning of great enterprises."

-Demosthenes

Aurelius Acquires Remaining Shares in Getronics

martinwolf Transaction Analysis

Financial Information Not Disclosed

Transaction Facts

  • Aurelius AG (XTRA:AR4), a private equity firm specializing in European growth opportunities, announced today that it acquired the remaining 22 percent of information and communication technology (ICT) services provider Getronics following an initial majority investment in 2012.
  • The outstanding shares were purchased from Dutch telecommunications provider Royal KPN (ENXTAM:KPN), which first invested in Getronics in 2007.
  • While no financial components to the transaction were disclosed, the Aurelius management team announced in the press release that Getronics has grown its revenues and increased its profitability over the previous two years, and that it expects Getronics to grow at a faster rate than the market.

A History of Consolidation

  • Touching All Corners of the Globe: Getronics has spent the last several years spinning off various components and geographies including operations in Israel, Central Europe, France, Japan, Australia, and the United States. Acquirers are typically established local IT services providers – Getronics’ US Operations were acquired by CompuCom in 2008.
  • Going Smaller Means More Freedom: Consolidation has resulted in Getronics being able to focus on effecting a transition in its remaining operations. While the company was once a provider of lower-end services, it has since developed broader service offerings and has expanded the proportion of total revenues sourced from cloud, unified communications and applications. The result has been faster growth and higher profitability.
  • Cementing a Proven Relationship: Since Aurelius made its minority investment in Getronics in 2012, the company has been able to integrate Aurelius’s pre-existing IT subsidiaries and achieve both strong customers and meaningful scale. Going forward, expect the company to leverage Aurelius’s reputation and support to continue relationships with IT leaders like Dell, Cisco and Microsoft.

For more information about this transaction, click here to read the press release.

 
martinwolf was not the advisor in this transaction.
previous post Back to Articles next post

03 Jan 2022

Office Depot Sells CompuCom Systems

 Financial Information ($USD) Transaction Value: ~ $305 million Enterprise Value: $1.72 billion EV/LTM Revenue: 0.19x EV/LTM EBITDA: 3.85x  Transaction Details The ODP Corporation (NASDAQ: ODP) announced that it has sold its CompuCom Systems subsidiary to an affiliate of Variant Equity in a transaction valued up to $305 million. The transaction consideration of up to $305 million consists...

29 Dec 2021

Happy Holidays – The 2021 martinwolf Annual Letter

Dear Clients, Partners, and Friends of martinwolf M&A Advisors,   I hope you all are having an enjoyable holiday season with family and friends.   It’s been my tradition in this annual end-of-year letter to spend time reflecting on the past year, and to look forward to what the next year holds for us. We have plenty...

20 Dec 2021

Oracle To Acquire Cerner Corporation

Financial Information ($USD) Enterprise Value: $28.3 Billion EV/LTM Revenue: 8.12x EV/LTM EBITDA: 17.71x  Transaction Details Oracle (NYSE: ORCL) today announced an agreement to acquire Cerner Corporation (NASDAQ: CERN) through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. Cerner is a leading provider of digital information systems used within hospitals and health systems to...