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Morgan Stanley Private Equity and William Mitchell form partnership

Morgan Stanley Private Equity has formed a partnership with William E. (Bill) Mitchell, the former chairman and chief executive of Arrow Electronics, to acquire or invest in managed IT services companies.

The goal of the partnership is to create a leading IT services provider focused on serving small and medium sized businesses.

Mitchell (pictured) retired from Arrow Electronics on 1 January 2010. He originally joined Arrow Electronics as president and chief executive officer in February 2003, and was named to the additional position of chairman of the board in May 2006.

Prior to joining Arrow, Mitchell led the growth of Solectron Global Services, the services arm of Solectron, now part of Flextronics International.

"SMBs serve as the engine of growth for the economy, and we believe their evolving IT needs are currently underserved in the marketplace," says Mitchell. "Advances in technology have enabled the successful delivery of managed IT services to the SMB end-market, and I am excited to partner with Morgan Stanley Private Equity to invest in best-in-class companies to create the leading IT services provider serving SMBs."

Jim Howland, an operating partner and managing director of Morgan Stanley Private Equity, adds: "Bill is an exceptional leader with an outstanding track record in creating and building service oriented businesses. Morgan Stanley Private Equity has a history of collaborating with management teams to create long-term value, and we are delighted to partner with Bill on this new initiative."

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