Better Capital sale of Calyx Managed Services
Following a competitive auction process involving a number of interested parties, Calyx Managed Services (“CMS”) was sold to MXC Capital Limited for an enterprise value of £9.0m. The CMS element of the Calyx Group’s most recent valuation was £4.9m.
“I am pleased to confirm that Calyx Managed Services Ltd is now owned by MXC Capital Limited, a London Stock Exchange, AIM quoted merchant bank that invests in UK-based telecommunications, media and technology businesses.
The Partners at MXC have a long and distinguished track record working with UK technology companies and we see this as an excellent opportunity to support our strategic visions and strong track record of successfully delivering managed IT services to the UK mid-market through our growing portfolio of managed cloud, networking and mobility solutions.
This acquisition comes after we have recently reported a growth in profit margin of 266% thanks to growing demand for consultancy, combined with our own operational investment.
For all day to day activities it is very much business as usual and our main focus will continue to be delivering first class services to our customers. Our principal objective is to ensure we continue to deliver a first class service to our customers and there will be no wavering as we strive to deliver integrity, spirit and excellence in everything we do.”
Steve Clarke, CEO, Calyx Managed Services Ltd
Merrill DataSite was the virtual data room provider on this deal.