• Sell-side
    2021
    sold to

Client:Rime IT

Action:sold to

3rd Party:NSI Group

Date:2021

Sector:IT/Software

Type:Sell-side

IT/Software

TENZING Partners acted as exclusive financial advisor to Rime-IT on its sale to NSI Group, a growing digital services provider expanding its presence in Luxembourg, facilitating a strategic transaction in the IT services sector.

Founded in 2011, Rime-IT is an IT services company active in the public sector, large corporations, and European institutions. With a team of experienced professionals, Rime-IT has established itself as a trusted partner for both institutional and private sector clients in Luxembourg. Seeking to ensure the company’s long-term sustainability, CEO David Bavay viewed the partnership with NSI as a strategic opportunity, bringing added value through client base diversification and integration into a group with broad and complementary capabilities.

Through this acquisition, NSI Group strengthens its position in Luxembourg’s ICT landscape and accelerates its ambition to become a key digital services provider in the region. The integration of Rime-IT will be carried out smoothly, with full respect for each company’s culture and client relationships.

Transaction Highlights

The transaction increases NSI Group’s local workforce to 200 employees, enhancing its ability to support Luxembourg-based organizations in managing IT infrastructure and driving digital transformation.

TENZING Partners played a pivotal role in structuring and executing the transaction, ensuring a seamless process and aligning the strategic goals of both parties.

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