Key Takeaways
- • Altor has exited its investment in Flex IT, a circular IT services provider, through a combination transaction with Eurazeo and T1A Group, marking a portfolio exit for the Swedish mid-market private equity firm.
- • Flex IT generated approximately €120 million in revenue during 2025, serving roughly 13,000 customers across more than 35 countries with services including IT distribution, rental, buyback, refurbishment, and asset disposition.
- • The merger consolidates Flex IT with T1A Group under Eurazeo ownership, combining two players in the circular IT and technology asset management space in a strategic combination that reflects growing institutional focus on circular economy and asset recovery services.
- • The transaction represents activity in the European mid-market private equity exit environment, with Altor divesting a business services portfolio company in the sustainability-focused IT services sector.
Summary
Altor, a Swedish mid-market private equity firm, has exited its investment in Flex IT through a combination transaction in which Eurazeo merges the company with T1A Group. The transaction reflects strategic consolidation within the circular IT services sector, combining two operators in technology asset management and circular economy services.
Flex IT operates a comprehensive platform for circular IT services, offering distribution, rental, buyback, refurbishment, and IT asset disposition solutions. The company serves approximately 13,000 customers across more than 35 countries and generated roughly €120 million in revenue during 2025, positioning it as a meaningful player in the growing market for sustainable IT asset management and circular economy solutions.
The combination with T1A Group under Eurazeo ownership creates a consolidated platform within the business services and IT services space. This transaction exemplifies mid-market private equity activity in Europe, where exits are increasingly pursued through strategic combinations with complementary operators or larger platforms rather than traditional third-party sales. The deal highlights ongoing institutional investor interest in circular economy and sustainability-focused business services.
Flex IT operates a comprehensive platform for circular IT services, offering distribution, rental, buyback, refurbishment, and IT asset disposition solutions. The company serves approximately 13,000 customers across more than 35 countries and generated roughly €120 million in revenue during 2025, positioning it as a meaningful player in the growing market for sustainable IT asset management and circular economy solutions.
The combination with T1A Group under Eurazeo ownership creates a consolidated platform within the business services and IT services space. This transaction exemplifies mid-market private equity activity in Europe, where exits are increasingly pursued through strategic combinations with complementary operators or larger platforms rather than traditional third-party sales. The deal highlights ongoing institutional investor interest in circular economy and sustainability-focused business services.
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