Primary exits investment in becom GmbH
Primary has fully realised its investment in becom Informationssysteme GmbH. becom was the first investment made by the Primary Capital II Fund. The Fund backed the EUR11 million MBO from the El Camino Group in July 2001. The business, based near Dortmund, is now Germany's leading reseller of IBM hardware software and services, offering consultancy, system design and managed services.
becom was sold in July 2004 to the Rebbles Group, an IBM reseller based in the Netherlands. The sale price represents a return of 4.6 times the original cost of investment.
Contact Jackie Adams for more information
Tel: +44(0) 20 7920 4800