Montagu Private Equity (“Montagu”), a leading European private equity firm, announces today an agreement to acquire a majority stake in Offsite Archive Storage and Integrated Services Holdings Limited (“OASIS Group” or “the Company”), a leading records and information management (RIM) company in Europe. The financial terms of the transaction are not being disclosed.
Founded in 1999, OASIS Group is one of the largest and most diverse professional records and information management companies in Europe. It operates in 30 locations across six countries, managing vital information for over 5,000 clients. The Company, which is headquartered in Dublin, has successfully completed 29 acquisitions since its inception. In February 2017, OASIS was included in the ‘Inc. 5000 Europe 2017’ list of the fastest-growing companies in Europe.
Montagu will partner with CEO Brian Connolly and his management team to continue to grow the business through further European expansion, selective acquisitions and strong organic development. As part of the transaction, the current Executive Chairman of OASIS Group, Dennis E. Barnedt, will remain as a Director and significant shareholder in the Company.
Brian Connolly, CEO of OASIS Group, said: “We are very pleased to welcome Montagu as new investors in the Company as we continue to deliver on our ambitious growth strategy. Montagu have backed similar businesses in the past and we look forward to partnering with Michal and his team.”
Dennis E. Barnedt, Founder of OASIS Group, added: “I am delighted that Montagu will be supporting the continued growth of OASIS Group going forward. OASIS Group has established a leading role in the industry over the years and we plan on further reinforcing this position throughout Europe with the help of Montagu.”
Michal Chalaczkiewicz, Director at Montagu Private Equity, commented: “We are very excited to be investing in OASIS Group. The Company is a pan-European leader in the records and information management space and a well-established consolidation platform. Montagu has a significant track record of backing business services companies, supporting buy-and-build strategies and driving international expansion. We look forward to working with Brian and his team.”