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Private equity backers exit Spain’s Everis with sale to NTT Data Corporation

6 Nov 2013

Spanish consulting and IT services provider Everis Group, which is backed by private equity firms including 3i and Hutton Collins, is to be acquired by Japan-headquartered IT services company NTT Data Corporation.

Everis is one of the largest IT services providers in the world with more than 10,000 employees and a presence in Spain, UK, Italy and Portugal, and multiple Latin American countries including Brazil, Chile, Mexico, Argentina, Colombia and Peru. The company recorded a turnover of €591m in its most recent fiscal year.

The company was originally part of a management buyout back in 2006, backed by Apax Partners. 3i invested €44m in July 2007, taking a minority stake in the business. It also supported re-financings of Everis in both 2010 and 2012.

The alliance is a part of NTT Data’s core strategy to accelerate its globalisation activities and to widen its global offering portfolio and presence outside of Japan, it said. The collaboration with Everis will enable it to strengthen its industry expertise and gain access to Spanish and Latin

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