In November 2020, Mercia completed a successful exit of channel service provider, Agilitas IT. The business, which delivers managed inventory solutions and technical, lifestyle and training services, initially found support from Mercia’s Northern VCTs in 2014 with an investment of £6.4million . The transaction is part of a management buyout, with Mercia continuing to back the company with ambitious international growth plans.
Agilitas delivered year-on-year double-digit growth over the Northern VCTs’ tenure through continued innovation and expansion of its channel service propositions and geographic footprint. It was sold to the international private equity investor Perwyn, providing an 8.4x return.