- Deal is NorthEdge’s ninth technology exit and third realization from its SME Fund I
- NorthEdge’s three SME Fund I exits to date have delivered a blended 4.3x gross MOIC
- NorthEdge first backed Distology in February 2021, in its first institutional investment
NorthEdge has completed the sale of Distology, a Stockport-based cybersecurity value-added distributor, to Foresight Group, marking the private equity firm’s ninth technology exit and the third realization from its NorthEdge SME Fund I.
Foresight’s investment will support Distology’s next phase of growth, funding continued investment in personnel, technology and strategic initiatives as the company extends its reach across Europe, according to the company. Distology is the go-to distributor for disruptive cybersecurity vendors seeking to scale across Northern Europe through the IT channel, according to NorthEdge. The company serves customers across the UK and Northern Europe, supported by operations in the Netherlands and Germany.
NorthEdge first backed Distology in February 2021, its first institutional investment, backing founder and chief executive Hayley Roberts and her management team to broaden the vendor portfolio, deepen technical capability and scale the business internationally. Over the two years to FY26, the company delivered a 48 percent EBITDA compound annual growth rate, diversified its vendor portfolio, increased its services capability following the acquisition of Squareball in 2022, and strengthened its leadership team with the appointment of a chief technology officer and a chief commercial officer.
NorthEdge’s three SME Fund I exits to date have delivered a blended 4.3x gross multiple on invested capital.
NorthEdge and Distology were advised by Clearwater on corporate finance, DWF on legal matters, Cortus on financial due diligence and GCS on commercial due diligence. ThinCats continues to provide debt financing for the business.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.