Clearwater International advises netIP on its sale to Adelis Equity Partners
Clearwater International has advised the shareholders of netIP, a leading Danish managed service provider, on its majority sale to the Nordic private equity firm Adelis Equity Partners at a value of €50.4m (DKK 375m).
Since its establishment in 1996, netIP has grown to become a leading supplier of subscription-based outsourcing solutions within IT infrastructure for Danish companies. With 165 employees in offices across Denmark, netIP’s value and people-focused organisation secure a unique culture and optimal solutions for its long-lasting and close customer relations.
Adelis Equity Partners is a leading Nordic private equity firm investing in companies with leading market positions and significant growth potential. The firm has a strong track record of investing in managed service companies and will become the majority owner of netIP, while previous owners and current employees will continue to own a significant share of the company together with CEO Martin Kjølhede, who will continue as a minority owner and board member. United, the parties will continue netIP’s ambitious growth plan and further expansion in Denmark.