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Agilitas secures managed buyout investment

The buyout is being led by Shaun Lynn and backed by private equity investor Perwyn

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Channel services provider Agilitas IT Solutions has announced the completion of a management buyout (MBO) led by Shaun Lynn and backed by private equity investor Perwyn.

Perwyn has acquired the majority stake in the UK-based firm and will support its growth ambitions – which includes international expansion, service acceleration and potential M&A

The stake in the business has been bought from NVM Private Equity, who supported Agilitas with a £6.4 million investment back in 2014 as part of its original management buy-out.

Shaun Lynn, CEO of Agilitas, said the investor was the ideal fit to take the global channel provider forward and continue its growth. 

"To achieve our ambitions, it was critical to select an investor who not only shared our growth ambitions but also aligned to our values and corporate culture," he explained. "In Perwyn we believe we have found this investor. From the very first time we met, both the team and I could see they shared the same values and ambitions, and they will bring a wealth of knowledge and know-how to our business."

As a result of the deal, channel partners can look forward to an enhanced service offering to enable them to strike new deals and open up new business opportunities. 

“The partnership with Perwyn is great news for our channel partners, as it equips us with a superior toolkit to propel us onto the next level, by expanding our services portfolio and geographic footprint,” Lynn added.

In terms of management, the move sees Bill Wilson become the new chairman, bringing extensive senior management and non-executive chairman experience in leading global supply chain businesses. His appointment will provide Agilitas with invaluable knowledge and guidance in the coming months and years, the firm said. 

Aside from that addition, there will be no other immediate changes to the business post-transaction, Agilitas confirmed, with the existing management team remaining in place to lead the company into its next phase.

"The team at Agilitas, led by Shaun, has delivered significant organic growth and developed a reputation for service excellence," said Andrew Wynn and Mark Blower, Partners at Perwyn.  "We are excited to be partnering with them and supporting the clear vision they have for the business over the coming years. 

"The investment aligns perfectly with Perwyn’s core investment thesis of backing high growth businesses pursuing international expansion and M&A". 

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