MSP M&A: Macquarie Capital Acquires Majority Stake in Solutions

Macquarie Capital has completed a majority acquisition of Zenzero Solutions Limited (Zenzero), an IT Managed Services company servicing over a thousand SMEs in the UK. Financial terms of the deal were not disclosed.

This acquisition is technology M&A deal number 263 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.

Macquarie Capital, founded in 2009, is based in Sydney, Australia. The company has 21,919 employees listed on LinkedIn. Macquarie’s areas of expertise include Advisory and capital raising, financing, investing, leasing, research, trading and hedging, and banking, advice and intermediary services, and funds management.

Zenzero, established in 2004, is based in Coventry, England and maintains offices across the UK. The company has 158 employees listed on LinkedIn. Zenzero’s areas of expertise include IT Support, Office 365, Cyber Security, Business Continuity, Disaster Recovery, Software Development, Infrastructure, Procurement, Hosting, Deployment, Azure, Backup & Recovery, E-mail Migrations, Exchange, Windows Server, Intune, VoIP, Anti-Virus, Leased Lines, Project Management, Cyber Essentials, Auditing, Daas, Microsoft, Microsoft Teams, Microsoft 365, Hardware, IT Support for Education, Cloud Solutions, Power BI, and IT Support for Business.

Macquarie Acquires Zenzero: Stakeholder Insights

Michael Bateman, CEO, Zenzero, commented: 

“I am extremely excited to lead Zenzero through its next phase of development and incredibly proud to work alongside our excellent team to take Zenzero to new heights. I am grateful to Fordhouse for the support they have provided in the early part of our journey. The opportunity for growth within UK SMEs, and the mid-market, for our services is clear. As a team, we look forward to building on our success to-date through the new partnership we have with Macquarie and continuing to invest in our people, service offerings and high-quality acquisitions.”

Adam Joseph, Head of Private Equity for Macquarie Capital Principal Finance Europe, said:

“We’re excited to be partnering with Zenzero at a time of sustained growth for the company. The transaction sees us build on our track record of supporting innovative technology service providers in the UK, and demonstrates our ability to deliver an efficient transaction in a short timeframe. We look forward to helping the company grow both organically and via acquisition”.

Further Background on the Companies

Zenzero provides a wide range of IT services, including managed IT, cyber, data, and digital services. Over the last three years, it has amplified its capabilities and customer base through strategic acquisitions and organic growth.

Macquarie Capital's collaboration with Zenzero aims to bolster Zenzero's growth by supplying flexible growth capital and expertise. This partnership signifies a complete realization for Fordhouse Capital LLP, which had invested in Zenzero in 2020.