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DSW team advise on sale of leading IT solutions firm

IT solutions Group of young business people working in the office

Agilitas IT Solutions – the UK’s leading services provider to IT channel partners – has changed hands in one of the most significant tech sector deals in recent months.

NVM Private Equity has sold its stake in Agilitas to international private equity investor Perwyn. Dow Schofield Watts Transaction Services undertook vendor due diligence for NVM and subsequently buy-side due diligence for Perwyn.

Agilitas, which is based in Nottingham and employs around 115 staff, delivers managed inventory solutions and IT services across 67 countries. NVM initially invested in 2014 to support a management buyout. Since then, the company has delivered year-on-year double digit growth by expanding its services and geographic footprint and has achieved major supply chain efficiencies through automation and systems integration.

Perwyn, which has acquired a majority stake in Agilitas, will support the company’s growth ambitions including international expansion, service acceleration and potential M&A.

The Dow Schofield Watts team was led by Ed Brentnall and Ros Jones. Ed said: “Agilitas is one of the most innovative and ambitious businesses we’ve worked with. At a time when companies with resilience and a business-critical offering really stand out in the market, Agilitas has firmly demonstrated those credentials.

“We’ve really enjoyed working with Shaun, Donna and the team, and believe Perwyn is a great partner to support their growth plans. We wish all parties the best for the coming years.”

What the company says

“Ed and the DSW team made the effort to fully understand Agilitas and the nuances in our business model. They provided an independent and robust report, challenging us as a management team along the way but also acting as a sounding board.

“The depth of understanding ultimately helped Perwyn through the process and, along with our other advisors, successfully conclude a transaction which we are delighted with. We hope to work with DSW again in the future.”

Shaun Lynn, CEO of Agilitas