– GMT Communications Partners is a European independent private equity group focused exclusively on the media, information, entertainment and telecom industries

– Veronis Suhler Stevenson (VSS) is a private equity and debt capital fund management company dedicated to investing in the information, education, media, marketing and business services industries in North America and Europe

– The Netherlands is a highly attractive market for the delivery of internet services in Europe. Additionally, the regulatory environment is highly favourable with regards data storage and the energy network is one of the most reliable in Europe

– IT-Ernity presented GMT and VSS with a high quality platform to enter the Continental Europe managed hosting market, which is expected to experience significant growth and transformation over the next few years as the demand for IT infrastructures as a service increases

– With a view to leverage IT-Ernity as a regional consolidation platform, GMT and VSS are also very interested in the potential expansion strategy both within the Netherlands and internationally

– This investment gives IT-Ernity the financial and strategic resources required to take the company to the next stage of its development

– Arma contacted the most qualified strategic and financial buyers to determine interest in the business

– In parallel, Arma worked extensively with management to articulate the company’s growth strategy and corresponding financial plan

– Once GMT emerged as the most attractive bidder for the business, Arma, together with the management team, worked towards a very tight and compact timeline to complete the deal

– Overall, Arma Partners assisted the management and owners of IT-Ernity to realise their strategic objectives, drawing on Arma’s extensive experience in the European hosting space and global relationships with the most qualified buyers, including GMT and VSS