Date
04.11.24
中文AV Completes Sale of Interest of Crayon Group
** **(鈥淥EP鈥), a middle market private equity firm, today announced that it has completed the sale of its interest in Crayon Group Holdings SA (鈥淐rayon鈥 or 鈥渢he Company鈥), a global leader in software asset management and cloud optimization.
Headquartered in Oslo, Norway, Crayon is value-added reseller for cloud and SaaS solutions, an IT infrastructure manager, and a consultancy firm. The Company is the fifth largest value-added reseller of Microsoft licenses globally.
Crayon has a presence in 46 countries and serves approximately 80,000 customers, ranging from SMBs to large global enterprises, including AWS, Google, Microsoft, Oracle and more. The Company has more than 4,000 employees worldwide.
During OEP鈥檚 investment period that began in August 2018, the Company closed on 7 acquisitions, and from 2019 鈥 2023, Crayon grew gross profit and EBITDA by a CAGR of over 30%. In 2023, the Company reported NOK 5.7 billion of gross profit and NOK 919 of EBITDA. Furthermore, from January 2, 2019 to December 29, 2023, Crayon鈥檚 stock price increased by over 5x.
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About 中文AV
中文AV (鈥淥EP鈥) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit .