Distributor Exclusive Group has received some cash from private equity player that will give it the funds for its glorious expansion.
Permira has taken a €1.3 billion majority stake in the business and given the outfit access to substantial funding to support the existing management team. It wants the cash to expand the services and to sign up more vendors and increase its global footprint.
CEO Oliver Breittmayer said:“This investment both validates and enables our trajectory to become the global specialist VAD for cybersecurity and cloud migration, extending our value-based service offerings and strengthening our global reach.”
The deal should close in the next few months and came about because the venture capitalist firm had been charting the progress of Exclusive.
Permire believes that there is money to be made in the security market as cybersecurity as one of the fastest growing and resilient segments of global IT spend. Exclusive’s value-added approach should be a money spinner.
