Rigby Private Equity (RPE), the private equity arm of Rigby Group Investments, has made a significant investment in IT services distributor Zycko Ltd. The deal would allow Zycko to expand more aggressively throughout the EMEA region.
Zycko is a specialist distributor of IT solutions including data networking, data storage, network monitoring and management, voice and video communications, virtualization, cloud, and data center infrastructure.
“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 organization, but one which is still focused on providing first-class, specialist support to vendors seeking services-oriented, EMEA-wide distribution. I’m looking forward to spearheading our expansion plans and leading our team at this very exciting time.”
Zycko is the second acquisition for Rigby Private Equity, which is building an EMEA-wide high-value specialist distribution business. Rigby Private Equity was formed earlier this year to identify established companies with both a great value proposition and plans for strong growth, to invest in these companies and to support the acceleration of their growth plans.
In July, Rigby Private Equity made a major investment in security value-added distributor Wick Hill, a company specializing in secured IP infrastructure solutions.
“We are extremely pleased that Zycko is joining Rigby Private Equity,” said Paul Eccleston, head of 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.”
12 Countries in EMEA
Founded in 1999, Zycko has 14 offices in 12 countries and serves the rest of the world from its UK headquarters.
“Zycko is already in twelve countries in EMEA, which helps us move forward rapidly with our growth plans,” added Mr. Eccleston. “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.”