MBO of Everest out of Getronics

Sector(s)
Business Services / TMT
Deal type
Buyout / MBO / Carve out
Date
November 2006
Countries involved
Benelux

Client

Everest: a leading Dutch software and consultancy company with a focus on the banking and insurance sector

Deal

Everest’s management acquired a 35% stake in the company in 2006, in times of Getronic’s no-go policy on subsidiary buy outs. In 2008 Everest performed a secondary management buy out

Parties

Lead team

  • Jan Willem Jonkman

    Jan Willem Jonkman

    Managing Partner Benelux
  • Bart Jonkman

    Bart Jonkman

    Managing Partner Benelux

What we did

  • Convinced Getronics to award management a stake;
  • Negotiated with KPN for prominent role management;
  • Identified TSS (PE) as most suitable financial partner for secondary buy out.