3i sells stake in Atea

19 Jul 2006

3i, Europe's leading private equity and venture capital company, has agreed to sell its stake in Atea Holding AB, a leading provider of IT infrastructure in the Nordic market, to Ementor ASA, a Norwegian IT company listed on the Oslo Stock Exchange. The purchase price for the whole company is €114 million. 3i's holding in Atea was 48.7%. The acquisition is subject to approval from the relevant competition authorities.

Since 3i's investment in 2001, Atea has worked actively to strengthen its market position and expand its product and service offering. It has completed seven acquisitions during the past five years. These included Martinsson in Sweden and Novosys in Finland.

Mattias Eklund, Partner in 3i Nordic, said:" We have worked closely with Atea's management team over the past five years to help them acquire businesses which strengthen Ateas market position and broaden its customer offering to include IT infrastructure services. They are now the leading IT infrastructure solutions provider in the Nordic region."

Sebastian Lindström, CEO of Atea, commented: "Atea has had an exciting journey during the last five years and has become the leading supplier of IT infrastructure solutions in the Nordic countries.  3i has been an important partner in bringing Atea to that position."

The combination is an important step for both partners and create a strong strategic platform for future growth. Following the acquisition, the Ementor will be the third largest European provider of IT infrastructure solutions and the leader in Sweden, Denmark, Norway and Finland.

Notes to editors

About 3i
3i is a world leader in private equity and venture capital. We focus on Buyouts, Growth Capital and Venture Capital and invest across Europe, in the United States and in Asia. Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders. www.3i.com.

About Atea
Atea is a leading provider of independent IT-infrastructure in the Nordic region. Atea supports companies and organisations in increasing the use of IT by delivering products and service in all aspects of the customer's investment within IT-infrastructure. Our service includes IT-product sourcing, infrastructure solutions and managed services. The Company has approximately 1,300 employees in the whole Nordic region with headquarters in Kista, Sweden and operates from 22 offices in Sweden, 13 in Finland, 2 in Denmark and 1 in Norway. Atea's turnover is more than MSEK 7,900. Ownership structure consists of international Private Equity Company 3i and WM-data holding a 48.7 % share each and management and key employees from Atea holding a share of 2.6 %. www.atea.se.