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Delivering what we commit to.
2e2
Sector: Support Services
Deal Type: MBO / MBI
Date: Jul '03 – Sep '06
Deal Size: £27m
Gresham delivered every step of the way in helping us to grow from a £6m revenue to £140m revenue services Group in less than 3 years.
Terry Burt
2e2
Investment Overview
2e2 is an IT services provider offering IT infrastructure, maintenance, networking, education and other managed services. The focus is on long term (1-3 years), site based, customer contracts providing high visibility of revenues and business.
Why we liked it
A key attraction of the deal was the top calibre management team with a great track record in terms of relevant experience and proven shareholder value creation.
How did we help?
With Gresham’s backing, the management team focused on creating a significant operator in the mid-range IT services space. 2e2 completed eight acquisitions from Gresham’s initial investment with revenues running at over £140m p.a. (£6m turnover pre Gresham’s investment).
Result
The business was sold in 2006 in a deal worth £130m.
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