Technology flyer it (selection)
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Adding value to our technology clients National Technology team
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Transcript of Technology flyer it (selection)
Adding value to our technology clientsNational Technology team
Grant Thornton advised Palatine Private Equity and Selection Services Limited on its acquisition of Aggregated Telecom Limited (trading as 8el).
Selection Services, based in Kent, is an IT managed services provider, working within the SME market, delivering a broad array of managed services and solutions, bespoke projects and expert strategic advice.
This acquisition strengthens Selection Services’ managed communication expertise and results in a combined entity generating revenues of over £35 million and with more than 400 staff and helps the group pursue its strategy of building a substantial business that offers a full suite of IT services.
Grant Thornton has a strong relationship with both Palatine and Selection, having advised on the original MBO in 2011. This relationship combined with technology sector expertise allowed Grant Thornton’s team to work closely with them, providing corporate finance and corporate tax advice.
Commenting on the deal, Duncan Lamb, Partner in Grant Thornton’s Corporate Finance team said, “We are very pleased to have supported Palatine and Selection in successfully completing their second bolt-on acquisition. This leaves the business well positioned to strengthen its service offering and build on its successes to date. We look forward to working with them on future transactions.”
Latest deal news
Our Corporate Finance team advises on Selection Services’ acquisition of 8el
Acquisition of Aggregated Telecom Limited t/a 8el
IT services
£undisclosed
Grant Thornton provided corporate finance and tax advisory services
Palatine Private Equity / Selection Services
“We are delighted to have concluded our second acquisition since the original MBO of Selection. The acquisition of 8el brings a wealth of knowledge and expertise in managed communications, access to new customers and additional geographic reach. Overall, it strengthens our position as we continue to become the leading IT services provider to the SME market. We will be looking to make further acquisitions to complement our business.
Grant Thornton has been a trusted adviser since the Selection deal and we look forward to working with them to achieve our objectives.”
Tony DickinPartnerPalatine Private Equity
Our technology practice has gone from strength to strength over the last 12 months, having completed over 30 deals in the sector. Working with dynamic technology companies both in the UK and internationally, our deep sector knowledge and experience have ensured we continue to create value for our clients and deliver successful transactions.
A selection of recent deals
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Grant Thornton provided financial and tax due diligence services
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Grant Thornton provided corporate finance advisory and tax services
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Grant Thornton provided corporate finance advisory services
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Grant Thornton provided corporate finance and tax advisory services
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Disposal to Daisy Plc
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Grant Thornton provided corporate finance advisory services
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IBO of Onyx Group Limited
Provider of IT solutions
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Grant Thornton provided corporate finance advisory services
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MBO of SDH UK Limited backed by August Equity
IT security
£undisclosed
Grant Thornton provided financial and tax due diligence services
SecureData/ August Equity
© 2013 Grant Thornton UK LLP. All rights reserved. ‘Grant Thornton’ means Grant Thornton UK LLP, a limited liability partnership. Grant Thornton UK LLP is a member firm within Grant Thornton International Ltd (‘Grant Thornton International’). Grant Thornton International and the member firms are not a worldwide partnership. Services are delivered by the member firms independently. This publication has been prepared only as a guide. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material in this publication.
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To explore how Grant Thornton could help you to achieve your strategic ambitions please contact one of the following Corporate Finance specialists local to you.
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