Rockpool banks 2.6x on NCE exit to US trade buyer

Rockpool Investments has sold IT company NCE to US storage and server support provider Park Place Technologies.

The vendor has generated an IRR of 67 per cent and 2.6x money multiple of equity invested with the deal.

Rockpool backed a management buyout of NCE in September 2015.

“During our partnership with Rockpool, we transformed the business from a ‘mom and pop shop’ to an integrated international organisation known for quality and delivery across borders,” said Andrew Genever, former chief executive officer of NCE and newly appointed vice-president of depot operations at Park Place Technologies.

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