OC&C advises Nordic Capital on acquisition of circular IT services business

Tuesday, June 27, 2023 | News

We're pleased to congratulate Nordic Capital on their recent acquisition of a majority share in Foxway, having provided buy side support on the deal.

Foxway is a leading European provider of circular IT services, with over 1,000 employees operating across 8 geographies. Foxway are focused on driving sustainability in the IT sector through their circular proposition, which centres around device-as-a-service, and IT asset recovery and remarketing.

Foxway refurbishes more than 1.5 million devices annually in the circular flow, avoiding 120 948 tons CO2e in 2022. It has experienced rapid growth in recent years, driven by increasing demand from companies looking to reduce the environmental impact of their IT portfolios, and growing consumer appetite for pre-owned premium brand devices.

OC&C is a leading strategy consultancy in the IT services sector working with both major global corporations and local champions. We have advised investors on some of the largest transactions worldwide in recent years.

We're focussed on the Global ESG agenda.  As well as engaging in ESG initiatives internally (in all three areas), we are increasingly serving our clients on their ESG agenda.  This includes helping the Private Equity community to invest in businesses with strong ESG credentials and capabilities.


OC&C and Private Equity

We are a global strategy consulting firm, working in close partnership with our clients to deliver outstanding results. In private equity, we have commercially advised on more than 500 successful transactions over the last 5 years, encompassing sell-side and buy-side roles.

* We provide commercial due diligence and vendor due diligence for transactions and refinancing.

* We assist investors with accelerating or improving their portfolio companies' performance.

* We help investors identify potential investment themes or assets to target.

For more details on our experience in the space, please contact:

Ewan Parry, Partner

Irvin Faneyte, Partner

Oleg Tschernizki, Partner

Katie Brown, Manager

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