Primary Capital Partners is pleased to announce the sale of Esteem Holdings Limited (“Esteem”) to Roc Technologies Limited. The transaction value is undisclosed and provides a successful exit for the last remaining investment in Primary’s second Fund.
Over the course of Primary’s investment the business transformed through a series of acquisitions and now with a 30-year track-record, Esteem offers compelling and complimentary portfolio in Private Cloud, Data Management, Desktop, and Managed Services, and has become a strategic infrastructure and services partner in public and private sector with significant traction in Local Government, Retail, Higher Education, Legal, Health, and Energy.
Rob Foreman, who led the original deal for Primary and represented its interests throughout the period of the investment, commented; “Esteem’s offering has transformed over the period of our investment and delivered the high level of customer retention in the business which attracted potential buyers. We are pleased that Esteem has been sold to a strategic buyer in Roc Technologies and wish everyone involved all the best for the future.”
Peter Bertram, Chairman of Esteem since 2015, added; “Primary have proven to be excellent partners for the Esteem business over the past few years and fully supported the business through its transformation and buy and build strategy.”
Contact Neil Wallace for more information