AnaCap Financial Partners Funds MBO of Syscap Group plc
AnaCap Financial Partners (“AnaCap”), the specialist private equity fund, announced today that it has committed to fund a leveraged management buyout of Syscap Group plc (“Syscap”), a leading UK finance and leasing provider in the ICT (information and communications technology) sector. This transaction marks AnaCap’s first investment since the fund started operating in April of this year.
Founded in 1990, Syscap is the UK’s leading independent ICT finance and leasing provider. It structures and arranges finance leases for ICT hardware and software products through relationships with a number of ICT vendors, software providers and resellers in key market sectors including education, the professions, manufacturing and retail.
This transaction represents the realisation of AnaCap’s strategy to identify investment opportunities where its operational expertise serves to support the management of businesses with strong market positions and consistent growth potential.
“Syscap fits very well with our core strengths and strategy, where we look to find good distribution channels and quality management teams that we can work with to improve and grow a business. We plan to work closely with the management team at Syscap to maintain the company’s leading market position and expand the business into other areas of the large UK leasing market,” said an AnaCap spokesperson.
“We are delighted with the endorsement this investment represents,” said Philip White, newly appointed Syscap CEO. “We have worked hard to create a platform and infrastructure for sustainable growth and have well established plans to achieve this. The addition of both capital and expertise from AnaCap will ensure we can continue to drive the business forward.”
Syscap is the UK’s leading independent IT finance and leasing provider. Syscap works in partnership with IT manufacturers, ISVs and IT services suppliers to structure intelligent financial solutions that help its clients to fulfill IT requirements. The company specialises in providing tailored solutions for individual market needs, including education, professional services, manufacturing, construction, banking & finance and retail sectors.
Syscap’s goal is to provide clients with a flexible, cost effective means of facilitating business growth and maintaining competitive advantage. Syscap finance solutions enable organisations to acquire the IT infrastructure they need when they need it, keeping pace with technological innovations without traditional budgetary constraints.
Founded in 1990, Syscap employs over 120 people across the UK and Europe and has annual sales in excess of £135 million. The business is based in Wimbledon and has a regional office in Northwich, near Manchester.
About AnaCap Financial Partners
AnaCap is a €300 million specialist private equity fund focusing on pan-European investments in the financial services sector. It has a distinctive combination of operational and financial experience that it brings to its investments, targeting those businesses with high growth, strong management teams or restructuring needs. Based in London, the fund has 16 highly regarded global institutional investors including Goldman Sachs, Honeywell, Rothschild, Allianz, and Adams Street Partners.