Hutton Collins invests in Everis

Hutton Collins & Company (“Hutton Collins”) is pleased to announce that it has supported the management team of Everis Spain, S.L. (“Everis”, formerly DMR Consulting) to buy the company from its institutional shareholders Apax Partners and Financial Managers.

Everis is a leading multinational IT consulting services business headquartered in Spain that offers global solutions to clients in the telecom, industrial, insurance, financial services, public sector and utility industries. With a presence in the whole IT Service sector value chain from strategy consultancy to systems implementation, the company has created a well diversified bluechip customer base.

Hutton Collins made a preferred equity investment through which it acquired a minority equity stake in the business alongside the management team.  Senior debt facilities were provided by a group of banks comprising Banesto, La Caixa, HSBC, EBN Banco, and Caja de Ahorros del Mediterráneo.

Fernando Francés, Chairman of Everis, commented:

“Hutton Collins understood our organisation and our needs quickly. They also helped us get to the outcome we were looking for, which was to become sole owners of our business.”

Graham Hutton of Hutton Collins said:

“We are very pleased to be supporting the management in the acquisition of Everis. Everis represents an attractive investment opportunity owing to its well designed business model and incentive scheme, led by a dynamic and dedicated management team that has demonstrated a strong track record of growth and profitability. This is the fourth investment for our second fund, Hutton Collins Capital Partners II, and our first investment in the Spanish market. We believe that Spain is an attractive market and are actively working to build on this success.