Once the merger is completed, Wolverhampton’s EDM Group and Scala will create one of the UK’s largest outsourced information management services.
Sala International, which supplies document storage, has offices in Tamworth, Leeds and Essex.
The merger, which enables ECI Partners to exit its original investment in EDM Group, has been backed by private equity house LDC.
LDC provided a ‘substantial injection’ of capital alongside debt funding provided by Lloyds Bank Corporate Markets Acquisition Finance, says EDM Group.
Sam Ferguson will take the role of CEO. Mark Jones will be the EDM Group CFO, with Tomas Gronager, Sala International CEO, taking up the role of COO.
Yann Souillard and Alex Clark of LDC will join the board as non-executive directors.
Sam Ferguson, chief executive of EDM Group, says: ‘It’s great to see two high growth and ambitious information management companies join forces to leverage each others key strengths, in turn providing a unique proposition that is of benefit to our new combined customer base.’
The group’s customer base includes Avis Europe, Nationwide Building Society, Companies House, Legal & General, Grant Thornton and numerous healthcare providers including many NHS Trusts, BUPA and BMI hospitals.
Round-up of today’s M&A deals
- Federated Media Publishing is acquiring Lijit Networks
Value: undisclosed
Advisers: undisclosed
- Synopsys buys Extreme DA
Value: undisclosed
Advisers: undisclosed
- Solutia and Southwall Technologies have signed a definitive agreement, which will see Solutia buy Southwall
Value: undisclosed
Advisers: Moelis & Company and Kirkland & Ellis acted as advisers to Solutia on the transaction. Needham & Company, Seven Hills Group and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian acted as advisers to Southwall.
