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23 Nov 2007
The Samsung and Thus reseller was initially taken over in 2005 by venture
capitalists Young Associates and has since been busy acquiring businesses in the
channel.
In 2006, it purchased IT services firm Northpoint, while this year it added
telecoms resellers Multi Link and Advance Group to its portfolio.
Turnover has almost doubled to £35m and Eurotel has confirmed it is currently in
negotiations to buy six companies.
Chris Jagusz, chief executive of
Eurotel,
said: “The new owners are committed to growing the company and the plan is to
continue buying. We are ambitious and focused on improving our channel
presence.”
Simon Turner, managing partner at
Inflexion,
said: “Organic growth remains important for us, but acquiring businesses will be
a key focus.”
IT
market ripe for more private equity deals
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