News / 30.08.2018

£380m Deal for Equistone-Backed Apogee

Straight off the back of MC2 being named in the top 20 global communications advisors for M&A in the first half of 2018, MC2 was pleased to support Equistone Partners Europe on its £380m sale of managed services provider Apogee to global tech giant HP Inc.

The transaction comes less than two years after the private equity firm’s initial £184m investment and will help to bolster HP’s offering in managed print services, while giving Apogee access to HP’s in-house tools and partner programmes.

The sale rounds off an incredibly active 12 months for Equistone. We’ve been delighted to support the mid-market private equity firm on a plethora of deals including the £250m sale of Travel Counsellors to another private equity buyer; the £163m sale of Concept Life Sciences to a global trade player; and the investment in telecoms business WHP.