In a deal announced today, Rigby Private Equity (RPE), the private equity arm of Rigby Group Investments, has made a significant investment in specialist services distributor Zycko Ltd. The deal will allow Zycko to expand more aggressively throughout the EMEA region.
David Galton-Fenzi, CEO of Zycko, said: “The backing and support of RPE means we are now in a position to accelerate our ambitious growth plans. It’s a great opportunity for the company to continue its growth and transformation into a significantly larger organisation, but one which is still focussed on providing first-class, specialist support to vendors seeking services-oriented, EMEA-wide distribution. I’m looking forward to spearheading our expansion plans and leading our team at this very exciting time.”
Zycko is the second acquisition for Rigby Private Equity, which is building an EMEA-wide high-value specialist distribution business. RPE was formed earlier this year to identify established companies with both a great value proposition and plans for strong growth, to invest in these companies and to support the acceleration of their growth plans. In July, Rigby Private Equity made a major investment in leading specialist security value-added distributor Wick Hill.
Five months on and Director of Wick Hill Ian Kilpatrick described Rigby’s contribution to their business as “seriously over delivering” and stated that Wick Hill has grown considerably since the deal was made. Zycko’s footprint in EMEA will give Wick Hill greater reach across the region to align with their vendors strategy. “Security is now being discussed at a boardroom level in company’s of all sizes, it’s becoming more important to businesses and it’s a huge opportunity for the Channel” Kilpatrick stated.
Paul Eccleston, head of Rigby Private Equity, commented: “We are extremely pleased that Zycko is joining Rigby Private Equity. The company has a great track record and a reputation for helping vendors successfully bring new technologies to market and grow their business. Their ethos of innovation and excellence, alongside a strong commitment to specialist services and support, is entirely aligned with that of Wick Hill.
“Zycko is already in twelve countries in EMEA, which helps us move forward rapidly with our growth plans. The benefits for Wick Hill, and its partners and customers, include access to the international scope offered by Zycko’s established EMEA network; and the benefits for Zycko include access to Wick Hill’s strength in security and the chance to further build on high value and consultancy opportunities for channel customers.”