Toronto-based Converge has paid £39.2 million for UK edtech Stone Group.
The PC builder, reseller and ITAD has been owned since 2019 by private equity house Souter Investments which has decided that now is the time to off-load it.
Toronto-based Converge is paying £39.2 milion for an 89 percent stake in Stone, which specialises in supplying hardware and IT services to the UK education and public sectors. Management will hang on to the remaining 11 percent.
