Adelis completes the sale of IT Relation
Adelis Equity Partners Fund I (“Adelis”) has sold its majority stake in IT Relation to Hg.Adelis backed the founders of IT Relation in an effort to consolidate the Danish managed IT services market in 2016. Today, IT Relation is the leading provider in the market with well over DKK 500 million in revenue and supporting thousands of end users around the world. “Henrik, Stig, Anders, and the rest of the team at IT Relation did a fantastic job in improving their services to customers while accelerating growth. Over the last couple of years, they have taken a strong regional provider and