US based private equity firm Anacapa Partners announced a growth investment in Agasus, a Brazilian provider of rental services for hardware infrastructure. Financial terms of the transaction were undisclosed.

(Press Release) Anacapa Partners, a leading private equity firm focused on acquisitions in the lower middle market, today announced it has completed a growth investment in Agasus, one of the largest hardware-as-a-service (HaaS) providers in Brazil. Financial terms of the transaction were not disclosed.

Founded in 2000, Agasus provides rental services for critical technology hardware infrastructure such as desktop computers, notebooks and tablets, to large and medium size enterprise customers. The company has a reputation for quality customer support, including the lowest average wait times in Brazil’s HaaS market, as well as responsive maintenance, and offers both long-term and short-term rental solutions. Agasus serves customers in 12 states and 186 cities throughout Brazil. Agasus is headquartered in São Paulo.

“We are excited to partner with 220 Capital, a search fund through which this investment was made, to provide Agasus and its management team with the means to further expand service offerings and geographic reach,” said Greg Matthews, Principal at Anacapa Partners. “Given the company’s strong relationships with hardware suppliers and its customer-centric tailored solutions, Agasus is well positioned to remain a leader in the Brazilian HaaS marketplace.”

“The support of backers such as Anacapa Partners allows Agasus to take advantage of the highly fragmented HaaS industry in Brazil,” said João Luis Lima and Rene Almeida, Co-CEOs at 220 Capital. “HaaS services will continue to benefit from the growing use of connected devices as customers are requiring more frequent updates to the latest generation hardware.”

About Anacapa Partners
Anacapa Partners is a private equity fund with a strategic focus of investing in operating companies that have been identified by principals operating within the search fund business model. We take a proactive role with search fund entrepreneurs in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies. Over the past eight years, Anacapa has invested in 125 individuals/partnerships looking to acquire a nano-cap company and has made 45 investments in operating companies acquired through the search fund approach. Anacapa partners with entrepreneurs identified through two channels – top tier MBA programs and special operations forces in the United States military. Founded in 2010, Anacapa is headquartered in San Mateo, California. For additional information, please visit anacapapartners.com.

About Agasus
Headquartered in São Paolo, Brazil, Agasus has specialized in IT equipment leasing since 2000, providing its customers with short-term and long-term leasing arrangements for IT equipment, including desktops, notebooks, tablets and smartphones. Agasus has rented more than 25,000 desktops and servers and leased nearly 30,000 laptops and 4,000 smartphones and tablets. For more information, please visit agasus.com.br/.