International managed network services firm Systal Technology Solutions has sold a minority stake in the company to private equity firm Inflexion to “accelerate” further growth, it says. Systal as founded in 2008 and is based in Glasgow, Scotland with a physical presence in the US and Asia. It is a Cisco Gold Partner and also provides IT, cloud and security services. Existing clients include Coca-Cola European Partners, JLL, Unipart Group, DCC and Scottish Power.
Cavendish Corporate Finance, the mid-market M&A firm and part of the finnCap Group, advised Systal on the sale of the stake to Inflexion.
Owner-managed since inception, Systal offers a mission-critical managed network service from its 24/7 network operations centre, servicing blue-chip multinational clients’ IT networks globally.
It currently delivers services to companies across the North America, EMEA and APAC regions, supporting over 1,300 locations.
John Farrugia, managing partner at Cavendish Corporate Finance, said: “Working with ambitious tech companies such as Systal is central to Cavendish’s approach. Systal has quickly established a strong reputation for itself in the industry with a growing roster of high calibre clients across the globe.”
Neil Nicolson, CEO at Systal, said: “Cavendish understood our ambitions from day one and went to great lengths to understand the minutiae of the business in order to effectively position the investment proposition as it evolved throughout the transaction.”
