First investment for Primary Capital II Fund completed
Primary has announced the management buy-out of becom, formerly part of the El Camino Group. This respresents the first investment for Primary's second fund, which held a first closing in September 2000.
becom is one of the leading resellers of IBM hardware, software and services in Germany. It employs 83 people at locations throughout Germany and has its head office in Schwerte, near Dortmund. In the financial year ended April 2001 the company achieved sales of over DM 120 million. becom plans to build on its success as Germany's leading independent IBM reseller of medium range and high-end hardware, software and services and to develop its excellent reputation for its skill-base and quality of service.
Contact Jackie Adams for more information
Tel: +44(0) 20 7920 4800