Charles Russell Speechlys advises on IT Lab acquisition
Charles Russell Speechlys has advised London based technology provider, IT Lab, on its acquisition of Manchester-based IT provider, JMC IT.
IT Lab is an award-winning technology and IT managed services provider with 17 years’ experience of delivering the highest standards of service to organisations across all sectors. It is based in London with offices in Woking and Cape Town in South Africa. The company is ranked within the Top 5 European and Top 50 global managed services suppliers.
With a combined turnover approaching £30m, a 300-strong team and in excess of 750 clients, the new firm will lead the way in the UK in managed IT services for SMEs and mid-market organisations.
Peter Sweetbaum, CEO IT Lab stated:
“We are excited by the innovation and opportunities that will arise from joining two dynamic and driven teams and are looking forward to harnessing this capability for all of our clients.
“Charles Russell Speechlys’ sector knowledge enabled the team to think ahead and understand the technical aspects of integrating JMC’s portfolio of technology services and solutions into our existing framework. ”
The Charles Russell Speechlys team was led by Partner Mark Howard, supported by a number of colleagues across the firm’s multidisciplinary Technology, Media & Telecommunications group, including Tom Smitham (Corporate), Christopher Birch (Intellectual Property), Caroline Swain (Commercial), Helen Hutton (Planning & Environment), Ben Ward (Real Estate), Jon Bond and Susan Mitchell (Banking & Finance) and Rachel Walsh (Employment).
This multi-disciplinary team of lawyers have experience working with tech organisations on strategic acquisitions and can easily identify the key relevant aspects during the due diligence phase.
Speaking of the deal, Mark Howard commented “We are delighted to have advised IT Lab on their acquisition of JMC IT. For a company primarily operating in London and the South East, having a substantial presence in Manchester and the North West will make IT Lab a truly national player, we look forward to assisting IT Lab as they grow their business. ”
News & Insights
Charles Russell Speechlys advises Daystar Power Group and founder on $10 million equity stake by Verod Capital Management and Persistent Energy
Daystar Power Group is a pan-African electricity company specialising in the generation of solar energy.
Charles Russell Speechlys advises FPE Capital and members of the management team of Kallidus on its sale
Kallidus is a leading human capital management and e-learning (SaaS) provider.
Focus Antitrust - 20 March 2019
The latest edition of our regular Focus Antitrust update.