Swiss IT group Sequotech raises CHF 130M from Sagard, Verium
What's the deal? Swiss IT services group SequotechDealroom has a profile for this one. Try Dealroom → has raised more than CHF 130 million ($163 million) in a growth equity round led by Sagard Private Equity SolutionsDealroom has a profile for this one. Try Dealroom →, with existing backer VeriumDealroom has a profile for this one. Try Dealroom → participating. The deal adds SagardDealroom has a profile for this one. Try Dealroom → as a new institutional investor and structures the round as a continuation vehicle bringing together existing and new backers.
What does Sequotech do? The Zurich-founded group provides IT services across nine companies and employs more than 350 people. It runs a two-pillar strategy: 360-degree services for small and medium enterprises, and specialised offerings for large enterprises in regulated industries and the public sector.
By the numbers: Sequotech generated revenues of more than CHF 85 million, according to Stephanie Roller, partner at Verium and chairwoman of Sequotech's board. Verium first backed the company in 2020, since when it has expanded through both organic growth and acquisitions.
What's the money for? The capital will fund Sequotech's buy-and-build strategy plus targeted investments in organic growth and group-wide capabilities. The focus is on strengthening the SME segment while expanding enterprise services.
The context: The round sits above the 90th percentile by size among growth equity deals in Switzerland, all-time. Philipp Scheier, a partner at SagardDealroom has a profile for this one. Try Dealroom → who led the deal, will join Sequotech's board.
The signal: The investment reflects SagardDealroom has a profile for this one. Try Dealroom →'s push to scale its private equity arm into a global middle-market platform. Following recent combinations with Unigestion and others, the unit now manages over $23 billion in private equity assets — and mid-market deals like Sequotech are central to putting that firepower to work.
Read more: Finews
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