9th October 2020
Private equity lawyers at Walker Morris have advised Endless LLP and the management team of MTI Technology Europe on its sale to Ricoh Europe.
The deal comes off the back of a busy year for the Private Equity team which has recently been ranked in tier 1 for Yorkshire and Humber by Legal 500.
MTI is an award-winning IT specialist solutions provider which has helped thousands of organisations to transform their IT operations by leveraging the latest technologies. It employs more than 200 people, generating revenues of over £80m per year with operations across the UK, Germany and France.
Endless acquired MTI in December 2016 from US-based private equity fund, Garnett and Helfrich Capital LLP.
Debbie Jackson led the team at Walker Morris supported by Thomas Mieszkowski and Jessica Stanley.
Commenting on the deal Debbie Jackson said:
“Endless is a long-standing client of the firm and so it has been particularly pleasing to be able to support Endless and the management at MTI through this transformational journey. MTI is a good example of some of the strong, growing businesses in the market which represent solid investment opportunities.”
David Isaacs, Associate Director, Endless, who has worked alongside MTI since investment commented:
“We are extremely proud to have supported Scott, Angelo, Ben & Simon over the course of the last 4 years. The company has undergone a successful transformation under Endless’ ownership and has invested significantly in the development of its solution set, people, internal systems and operations. This successful transformation is underpinned by the numerous and well-deserved awards that MTI has received in recent years. Under Ricoh’s ownership, we strongly believe that the business will go from strength to strength and create wider opportunities for growth and investment. We wish Scott and the management team, along with their new owners Ricoh, all the best for the future.”