IT service provider PQR has merged with 2ML, creating a company with 160 employees.
Rolf van Gameren (co-founder of PQR) and Gilde Equity Management have sold PQR to the CEO of PQR Ronald Schaap and the management of 2ML, Daan Brenninkmeijer and Robin de Vries. Private equity firm Intersaction also entered as a new shareholder.
Lindenaar & Co acted as advisor to the management of PQR and the management of 2ML and coordinated the entire transaction process, including preparation of the information memorandum, the search for potential investors, structuring the transaction, evaluation of bids, due diligence coordination and assisting in the finale negotiations concerning the Share Purchase Agreement and Shareholders Agreement.
PQR (110 employees) is an advisory and implementation partner for modern datacentre-, workspace- and cloud solutions. PQR’s clients consist of mid- and large sized (non) profit organizations, including the ministries of Defence and Justice and the Amsterdam Municipal Transport department (GVB).
2ML (50 employees) is specialised in IT, cloud- and managed services and mobile applications. Amongst others 2ML provides the email services of the US based Warner Bros.
Intersaction is a private equity firm that uses its own capital to invest and has a long-term investment horizon. Intersaction is focussed on niche and B2B organizations with a revenue between €5 and €50 million.