Rigby Private Equity (RPE) today announced that it has made a ‘significant investment’ in specialist distributor Zycko.
RPE, which was formed earlier this year to identify IT companies with strong growth potential, said that the deal would allow the distie to expand aggressively throughout the EMEA region.
“The backing and support of RPE means we are now in a position to accelerate our ambitious growth plans,” said David Galton-Fenzi, CEO of Zycko. “It’s a great opportunity for the company to continue its growth and transformation into a significantly larger organisation, but one which is still focused on providing first-class, specialist support to vendors seeking services-oriented, EMEA-wide distribution.”
This is the second such acquisition by the private equity arm of Rigby Group Investments, having made a major investment in leading security VAD Wick Hill in July.
Paul Eccleston, head of Rigby Private Equity, commented: “We are extremely pleased that Zycko is joining Rigby Private Equity. The company has a great track record and a reputation for helping vendors successfully bring new technologies to market and grow their business.”
“Their ethos of innovation and excellence, alongside a strong commitment to specialist services and support, is entirely aligned with that of Wick Hill.”
Zycko, which provides networking, storage, unified comms, and cloud solutions, already has 14 offices in 12 countries across EMEA. Eccleston said that the existing footprint would aid with the private equity firm’s rapid growth plans.
“The benefits for Wick Hill, and its partners and customers, include access to the international scope offered by Zycko’s established EMEA network; and the benefits for Zycko include access to Wick Hill’s strength in security and the chance to further build on high value and consultancy opportunities for channel customers.”