28 April 2022 – Ayesa, a portfolio company of A&M Capital Europe (“AMCE”), a London-based middle- market private equity firm with €650 million of assets under management, has acquired M2C, a Spanish provider of IT services specialised in data management and process automation solutions.
Founded in 2004, M2C offers a comprehensive portfolio of digital transformation solutions in big data and analytics, business process management, and systems administration. M2C employs 255 professionals and serves clients primarily in the insurance, banking, and telecom sectors.
The acquisition of M2C represents a key milestone in Ayesa’s plans to consolidate the fragmented IT services market in Spain, drive growth in emerging technology verticals and diversify its end-market exposure. Following the recent acquisition of Byrne Looby, M2C represents Ayesa’s second add-on acquisition since AMCE’s investment in January 2022.
AMCE and Ayesa were advised by Arcano as a financial adviser, Roland Berger as a commercial adviser, EY as an accounting adviser and Pérez-Llorca as a legal adviser. Alvarez & Marsal advised on operational due diligence and integration.
Headquartered in Spain, Ayesa is a leading international provider of IT and engineering services with over 6,000 employees in 20 countries across Europe, Latin America, and Asia operating two divisions. The IT Services division provides software implementation and maintenance services, digital transformation solutions, and business process outsourcing. The Engineering Services division provides infrastructure project management and design services in the civil and industrial engineering markets.
About A&M Capital Europe
AMCE is a pan-European, London-headquartered, middle-market private equity firm specialising in providing strategic and operational support to growing European businesses. AMCE Fund I currently has €650 million of assets under management, and M2C represents AMCE’s ninth transaction. More broadly, AMCE is part of Alvarez & Marsal Capital, a multi-strategy private equity investment firm with over €3.7 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally focused advisory firms in the world. For additional information, please visit A&M Capital’s website at www.a- mcapital.com.