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Article: 2e2 Group Ltd - Announces secondary funding with Duke Street Capital; New deal to support international expansion and continued acquisition strategy.
- Article from:
- M2 Presswire
- Article date:
- September 27, 2006
CopyrightCOPYRIGHT 2006 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-27 September 2006-2e2 Group plc: 2e2 Group Ltd - Announces secondary funding with Duke Street Capital; New deal to support international expansion and continued acquisition strategy(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:27092006
2e2 Group, a leading provider of IT managed services, announces today a secondary funding of the Company valuing the business at approximately GBP130m. The new funding is being provided by Duke Street Capital ("DSC"), the mid-market private equity fund manager, and will see the exit of incumbent VC, Gresham Partners.
DSC is backing the existing management team, led by Terry Burt, which has built up 2e2 ...