Global investment firm The Carlyle Group (NASDAQ: CG) today announced it has reached an agreement to sell Evernex, a major global provider of third-party maintenance services for data-center infrastructure and critical IT assets, to 3i Group plc. The investment in Evernex was made by Carlyle Europe Technology Partners III (CETP), a pan-European fund focusing on telecoms, media and technology (TMT). The transaction is subject to legal and regulatory approvals, and is expected to close in Q4 2019.
Under Carlyle’s stewardship, Evernex – formerly known as Cap Vert Finance – has pursued a strategy based on three growth pillars: focus on third-party maintenance services; institutionalization and industry consolidation. Over the last four years, the group has more than trebled its maintenance activities through an aggressive international development plan taking the number of offices around the globe from 17 to 33 and the number of employees from 230 to 550. In this process, the company has strengthened its management and infrastructure under the new leadership of Stanislas Pilot. With the backing of Carlyle, Evernex has played an important role in the consolidation of the TPM industry through five acquisitions in France, Spain, Brazil and Argentina.
Stanislas Pilot, CEO at Evernex stated: “Carlyle has been a key partner in Evernex’s growth story over the past 4 years, and we would like to thank the CETP team for all the support they have given to the group. The fruits of our ambitious strategy and our unique customer engagement model have been reflected in our growth in key geographic zones, notably in EMEA and Latin America. We look forward to continuing our development with our new majority shareholder and partner, 3i, who will support our next phase of growth across global markets.”
Vladimir Lasocki, Managing Director and Co-Head of the CETP investment advisory team at The Carlyle Group, said: “We are proud to have been a strategic partner in the formation of the Evernex group over the last 4 years. Evernex stands out for its flexible customer engagement model and its truly global footprint. They have combined solid fundamentals in this buoyant segment of the IT market with the intelligent deployment of the group’s capacities as a consolidation platform. This has brought about the construction of an indispensable TPM global player with leading market positions in Europe and Latin America, and a significant presence around the world. The investment is a great example of the strategies we put in place within CETP portfolio companies. It has been a real pleasure to work with Stanislas and his team over this period and we are confident that Evernex will continue to prosper in the coming years under 3i’s ownership.”
About Evernex:
Evernex is a French headquartered company, which specializes in the maintenance of global IT infrastructure and offers a comprehensive range of services from maintenance to Spare as a Service – SpaaS ™, as well as additional services such as recycling, secure data disposal, data center removal and relocation, library repair, IT hardware rental, and financial solutions.
Evernex offers services 24 hours a day, 7 days a week, at all customer sites worldwide to ensure business continuity and operational quality for users, all through a process of environment protection and sustainable development. Evernex carries out three-quarters of its service activities internationally and covers more than 160 countries across the world. The group has achieved a consolidated turnover of close to $220 million in 2018. The majority shareholder in Evernex is The Carlyle Group (NASDAQ: CG), an international investment firm,
More information at www.evernex.com/
About The Carlyle Group:
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of March 31, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,725 people in 33 offices across six continents.
