BPM invests in mezzanine transactions in Estonia, Latvia, Lithuania and Poland

BPM considers buy-outs, growth capital and capital restructuring transactions

BPM backs proven business models and experienced management teams

Press release

30 March 2016

BPM Mezzanine Fund provided financing for the MBO of MarkIT

BPM Mezzanine Fund SICAV-SIF, SCA (BPM) has provided financing for the management buy-out
(MBO) of Markit Holding AS (Markit). The transaction represents a buy-out of minority ownership
held by Ambient Sound Investments. Markit (www.markit.eu) is an B2B IT procurement solution
available in 28 countries across Europe and the US. Starting off in 2003 from Tallinn, Estonia
the company quickly established itself as a regional market leader in the Baltics for B2B IT purchasing
and expanded rapidly to a vast number of EU countries. The idea is simple – provide companies with a
transparent service that would enable direct purchasing of IT products from the distributors with fast
local delivery.

Commenting on the deal the CEO of Markit Mr. Andres Agasild noted that the exit of ASI has been a
long planned step. ”For the founders and management it has always been a long term goal to build
an organisation with high efficiency that is providing a high value service to the customers. ASI played
an important role by entering the company as an investor in the crucial expansion phase. Today we
have certainly achieved the goals set by the investment and we are operating in 28 countries in
Europe and US. For the investors the fair value exit is an important step and we are extremely pleased
that we could come to a mutual agreement.”

“It is an excellent opportunity for us to support the growth of Markit. We believe in the management
team and the business model. The investment fits well in BPM’s portfolio due to significant growth
prospects and export potential. The management team has extensive experience in the sector and a
significant ownership interest in the business,” said Priit Veering, Partner of BPM Capital.

For further enquiries, please contact:
BPM Capital: Priit Veering, tel: +372 605 0074, e-mail: priit.veering@bpmcapital.eu
Markit Holding: Andres Agasild, tel: +372 506 5189, e-mail: andres.agasild@markit.eu

More information about BPM Capital
BPM Capital (www.bpmcapital.eu) is an independent investment manager operating out of two
offices, in Tallinn and Warsaw. It has been founded and is managed by Kalmer Kikas, Martin Reinson,
Paweł Zabrzycki and Priit Veering. BPM Mezzanine Fund, managed by BPM Capital, is supported by
prominent international and domestic institutional investors. BPM was originated through the Baltic
Innovation Fund (BIF) initiative created by cooperation between Estonia, Latvia, Lithuania and the
European Investment Fund.

More information about Markit
Markit (www.markit.eu) is an IT procurement solution for companies available in 28 countries across
Europe and the US. International customers can use Markit as a single purchasing platform and get
the best of both the worlds – centralised global purchasing with fast local delivery. With an annual
revenue of 62,8 mio EUR in 2015 Markit is a partner for a long list of leading companies in the
world including Western Union, Johnson&Johnson, Deloitte, ABB, Spotify, Radisson Hotels, Monier,
Michelin, Transferwise and many more.

Our offices



Roosikrantsi 11, 10119, Tallinn
Phone +372 605 0073
info @ bpmcapital.eu


Zajęcza 15, 00-351, Warsaw
Phone +48 22 244 11 09
pawel.zabrzycki @ bpmcapital.eu
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