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Corporation
COMPUTER HARDWARE & SERVICES | IT Services / IT Solutions & Software Development
efex.com.au

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About EFEX

EFEX is an Australian company that develops and deploys Managed Print Services, IT Managed Services, and hosted Voice & Data solutions.

EFEX Headquarter Location

28a Montague Street

Balmain, New South Wales, 2041,

Australia

1300 376 347

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Latest EFEX News

EFEX Group secures private equity investment

Jan 13, 2022

Sydney's EFEX Group sells 50 percent stake to private equity firm Alceon PE for $30 million By Nico Arboleda on Jan 11, 2022 9:52AM Nick Sheehan, EFEX Group Sydney managed technology services provider EFEX Group has sold a 50 percent stake to Australian private equity firm Alceon Private Equity for $29.5 million. Announced at the end of 2021, the investment is Alceon's fourth acquisition for the year and its first in the managed IT services sector. EFEX chief executive and founder Nick Sheehan will retain the remaining 50 percent stake of the company. Founded in 2013, EFEX specialises in printer and managed IT services to regional small businesses. It boasts 18 offices across Australia’s east coast and some 4200 customers. “We have continually outperformed to date but for the next phase of growth we were looking for a capital partner, not just a source of capital,” Sheehan said. “We are delighted to be partnering with Alceon Private Equity for the next phase of growth. Their track record across both PE and other investment strategies demonstrates their desire to work with successful business founders to grow businesses, rather than just take them over.” Sheehan added that EFEX can triple its EBITDA by FY2026 through its ongoing conversion of print customers to managed IT services customers, an upcoming internal warehouse facility, new customer acquisitions and further mergers and acquisitions. As part of the deal, EFEX also has an earn-out incentive payment of up to $4.8 million, subject to the delivery of forecast Technology Revenue and EBITDA for FY2022. Alceon Private Equity co-head Zac Midalia said, “Nick and his team have established an irreplaceable regional footprint and very strong built-in growth potential for its high value managed IT services offering.” “EFEX is well placed to take advantage of the growth in Australian regions by being focused and innovative in supporting small business clients in their technology evolution. “The company has had very encouraging success in the transition from print to managed IT services and with 4,000+ recurring revenue customers and an insightful founder, is positioned well to dominate regional and SME managed IT services.”

EFEX Acquisitions

3 Acquisitions

EFEX acquired 3 companies. Their latest acquisition was The BMS Group on February 03, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/3/2021

$99M

Acquired

2

12/6/2019

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$99M

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10

6/26/2018

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$99M

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10

Date

2/3/2021

12/6/2019

6/26/2018

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

2

10

10

EFEX Team

3 Team Members

EFEX has 3 team members, including current Founder, Chief Executive Officer, Nick Sheehan.

Name

Work History

Title

Status

Nick Sheehan

Founder, Chief Executive Officer

Current

Anthony Roberts

Chief Operating Officer

Current

David Perrett

Over the Wire, Agility Applications, Royal Bank of Scotland, and Merrill

Chief Technology Officer

Current

Name

Nick Sheehan

Anthony Roberts

David Perrett

Work History

Over the Wire, Agility Applications, Royal Bank of Scotland, and Merrill

Title

Founder, Chief Executive Officer

Chief Operating Officer

Chief Technology Officer

Status

Current

Current

Current

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