GCA Altium advises EOS Partners GmbH on the acquisition financing of mod IT Services GmbH
mod, founded in 1991 and based in Lower Saxony, Germany, is an IT services provider, specialised in digital workplace, IT security, and end-user services. The company provides its clients with an effective IT infrastructure, tailored to their specific requirements. As a result, end users enjoy more secure and flexible individually optimised IT workplaces. Consistent lifecycle management with a high degree of automation ensures efficient processes and cost transparency. mod’s portfolio also includes mobility solutions, managed network services and IT security solutions.
GCA Altium structured a tailored financing package which provides the company with a balanced offering between attractive financing costs in combination with sufficient flexibility to support further organic growth as well as the buy-and-build story. The financing was secured by a consortium of regional banks.
Philipp Wegener, Partner at EOS, explained: “mod is a professionally structured and highly competitive company with a clearly defined growth strategy that we intend to continue and expand steadily. Thanks to its excellent team of highly qualified specialists, mod is ideally positioned for the future.”
Thorsten Weber, Managing Director at GCA Altium, commented: “The financing structure will support the growth story of mod and offer high flexibility in its daily business. mod’s new partner, EOS, as a growth-oriented and buy-and-build-focused investment company, is an ideal partner for mod in our view.”
The transaction closed on May 26th, 2021. The parties agreed not to disclose any details of the transaction.