Senior Partner & Co-Founder
Large enterprise and public sector
Leading provider of managed IT solutions
Damovo is a leading independent European provider of managed IT solutions, focused on unified communications, enterprise networks, cloud and managed services.
The business serves over 2000 large enterprise and public sector customers, and is an expert partner to four key technology vendors, fulfilling a valuable and sustainable role due to its breadth of operations and skill set in meeting complex needs.
Damovo Group has been transformed under Oakley’s ownership, growing organically and through three strategic acquisitions, at a combined EBITDA multiple of 5x.
We supported management by investing in working capital and people, contributing towards a revenue CAGR of 10.5% between FY16 and FY18.
In August 2018, we sold our stake in Damovo to Eli Global, generating a return of 5.4x gross money multiple and a gross IRR of 56% for Fund II.