Equistone in print firm sale

THE MID-MARKET private equity firm Equistone Partners Europe has completed the sale of managed print services provider Apogee to HP Inc, in a deal that values the company at £380m.

Maidstone-headquartered Apogee, which has a large operation in Wakefield, employs more than 1,000 staff and operates from 25 offices across the UK and Europe.

It has grown its turnover to more than £250m this year, becoming one of Europe’s largest independent providers of managed print services.

The business provides organisations with printing, scanning and workflow services from global brands including HP, Ricoh, Canon, Xerox and Konica Minolta. Equistone took a majority share in the company in September 2016, in a deal worth £185m.