Harris Williams & Co. Ltd Advises Hg on its Pending Acquisition of IT Relation

June 14, 2018

Harris Williams & Co. Ltd, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that it is advising Hg on its pending acquisition of IT Relation, a leading Danish supplier of managed IT services to small and medium sized enterprises (SMEs). The transaction is being led by Thierry Monjauze and Sylvain Noblet of Harris Williams & Co.’s Technology, Media & Telecom (TMT) Group and Danielius Uznys of the firm’s London office.

“It was a pleasure to act for Hg on another IT services transaction,” said Thierry Monjauze, a managing director at Harris Williams & Co. “The team at IT Relation has built an exceptional business that has firmly established itself as the leading provider of managed IT services to SMEs in Denmark. We are excited to see this partnership with Hg which will take the business to the next level.”

Founded in 2003, IT Relation provides services which allow SMEs to move their IT infrastructure and operations into the cloud, as well as providing end user support and consulting as part of a full-service IT offering. The company has more than 450 employees supporting thousands of customers and tens of thousands of users in Denmark and around the world.

Hg is a sector expert private equity investor, supporting management teams to grow industry champions. Deeply resourced sector teams focus on specific sub-sectors and investment themes to identify companies occupying an established position within a niche, and which have the potential to grow faster than their market, create employment and become the leader in their industry. Hg's dedicated portfolio management team provides practical support to management teams to help them realise their growth ambitions. Hg invests in expanding segments of the TMT, services and industrials sectors across Western Europe. Based in London and Munich, Hg manages c. £9 billion for some of the world's leading institutional and private investors.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the IT Services, Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education, energy technology, fintech, membership management, public sector and supply chain/logistics and has a dedicated healthcare technology (HCIT) practice. Across verticals it also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.