MTI Europe

DEALS: MTI Europe

MTI Europe logo

THE DEAL

  • Sector: Technology, Media and Telecoms (TMT)
  • Deal type: Company Sale – PE owned
  • Deal size: Undisclosed
  • Year: 2017
  • Lead partner: Clive Hatchard

DEAL TEAM

Clive Hatchard Iain McKenzie James Mines

Acting as the lead advisor, Spectrum Corporate Finance has successfully advised US-based private equity fund Garnett and Helfrich Capital LLP (“G&H”) on the sale of portfolio business MTI Europe BV (MTI) to UK-based private equity firm Endless LLP.

MTI is a £70 million turnover, European market-leading provider of IT storage infrastructure and security solutions to national and global enterprises. Headquartered in Godalming, Surrey and operating predominantly in the UK, Germany and France, MTI provides services including on-site and cloud-based storage, security solutions and infrastructure-as-a-service. MTI is an expert in these fields, delivering a complete lifecycle service incorporating all elements from design to installation through to ongoing support & maintenance services, and a full managed service offering.

Spectrum ran a competitive sales and marketing process, completing the whole deal from start to finish in only four months. The business attracted interest from global trade and private equity buyers before agreeing to sell to Endless LLP. Drawing on their successful experiences of owning similar businesses in the sector, Endless plan to utilise their transformational and buy & build capabilities to support management in growing the company over the coming years.

“We engaged Spectrum based on their excellent knowledge of the marketplace and their ability to identify possible acquirers of MTI Europe across a wide range, from Trade and PE houses. From day one they provided well qualified guidance and quickly had the sale process underway with confidence. The whole team at Spectrum showed great skills and competency during the initial start-up phase and continued with this theme right up to the final successful closing of the transaction, which was being driven to very tight timescales. If you are looking for a good Corporate Finance house I highly recommend them.” Keith Clark, CEO of MTI
“We had a very positive experience of working with Spectrum on this deal. As well as taking a pragmatic approach, Clive and his team were able to deliver a successful exit for all parties involved by understanding the needs of their client and our desire to find these overlooked assets with underlying, latent potential.” Ed Ransome, Investment Director at Endless Private Equity