Altor has divested Flex IT, a circular IT business, to Eurazeo, which is combining Flex IT with Eurazeo’s existing portfolio business T1A Group, according to PE Hub.
PE Hub reported the transaction in a post titled “EQT bets on long-term trends in insurance broking with McGill; Altor exits Flex IT to Eurazeo’s T1A,” according to PE Hub.
The PE Hub item was published by Nina Lindholm, according to PE Hub.
Deal terms and structure
Altor divested Flex IT to Eurazeo, according to PE Hub.
Flex IT is described as a circular IT business, according to PE Hub.
Eurazeo is combining Flex IT with its existing portfolio business T1A Group, according to PE Hub.
Parties and assets involved
Altor is the seller of Flex IT in the divestment, according to PE Hub.
Eurazeo is the buyer and is combining the acquired company with T1A Group, according to PE Hub.
T1A Group is described as Eurazeo’s existing portfolio business, according to PE Hub.
Timing and disclosed information
The PE Hub post was published “18 minutes ago” at the time captured in the provided text, according to PE Hub.
The provided PE Hub text does not disclose purchase price, financing details, or the size of the businesses involved.
Context noted in the source headline
The same PE Hub post headline also references “EQT bets on long-term trends in insurance broking with McGill,” according to PE Hub.
The provided text excerpt does not include additional details about EQT or McGill beyond what appears in the headline.
