Sale Aliter Networks to Waterland

Yuno Advisors has advised the shareholders of Aliter Networks – a B-corp certified company active as a distributor of refurbished IT hardware products – on the sale to Waterland, one of the largest private equity investors in the Netherlands. Together with Maxicom IT Distribution, the companies will join forces to continue as “Circular IT Group” (www.circularITgroup.com).

Aliter Networks (www.aliternetworks.com) has as its core focus the supply of premium refurbished IT-quality products for data centres with IT infrastructures of Cisco, Juniper, HP and Dell. Since 2009, Aliter has been serving telecom companies, enterprises and resellers in Europe and Asia-Pacific. From the offices in Almere and Singapore they work with a team of over 40 FTEs towards the goal of stimulating sustainability within the IT departments of their customers.

Together with Maxicom, as Circular IT Group, the group offers a wide range of circular IT solutions: IT Asset Disposition (ITAD), de-installation of old equipment, secure data removal, testing and repairs, distribution and logistics, and rental and sale of refurbished equipment. These solutions are offered for the complete IT hardware segment, ranging from network equipment, servers and storage devices, to desktops, laptops and cell phones. With this offering, the group serves more than 10,000 customers worldwide, from business end-users to service providers and consumers. The group will have its headquarters in Zoetermeer, with additional locations in Almere and Singapore, and employs a total of 110 FTEs.

Waterland (www.waterland.nu) is an independent investment company and one of the largest private equity investors in the Netherlands. With substantial financial resources and specific market knowledge, Waterland enables the companies in its portfolio to accelerate their qualitative growth, both organically and through acquisitions. Since its start in 1999, Waterland has invested in more than 850 companies.

Yuno Advisors acted as exclusive advisor to the shareholders of Aliter Networks in the entire process. Our advisory consisted of a valuation of the company, general project coordination, realization of a letter of intent, managing of the due diligence process, structuring of the transaction and deal negotiations.

Click here for the original press release (in English) by Circular IT Group & Waterland.