One Equity Partners to acquire MCL Computer & Zubehör
Middle market private equity firm One Equity Partners is to acquire MCL Computer & Zubehör, a provider of IT consulting services and hardware & software reseller.
One Equity Partners (OEP) is the former private merchant banking arm of JP Morgan Chase, focused on leveraged buyout and growth capital investments in middle-market companies. The PE group has offices in New York, Chicago, Frankfurt, Chicago and Amsterdam. It manages close to USD10 billion of investments.
MCL’s management team rolled over a substantial portion of their ownership interests and retained a significant stake in the company as part of the deal. Financial terms of the private transaction were not disclosed.
Headquartered in Böblingen, Germany, MCL provides a range of IT services, including networking, workspace, security, IoT, cloud, support and managed services from seven locations in Germany and Austria.
The company has more than 160 employees and holds premium partnerships with major vendors, such as HP, HPE and Lenovo.
“MCL is well positioned to meet the strong demand for next-generation cloud, digital infrastructure and IoT solutions, supported by its strong vendor relationships and unmatched technical expertise,” says Vittorio Palladino, vice president at OEP.
“This transaction reflects OEP’s ability to structure transactions with founder-owned companies that enable them to expand across the value chain and pursue new growth opportunities both organically and acquisitive,” he adds.
Dr Jörg Zirener, senior managing director at OEP, says: “MCL’s value is especially evident in the current, challenging business environment as they provide clients with the systems and tools needed to ensure working remotely is seamless and productive.”