Charles Russell Speechlys advises Acora on its investment round with Palatine Private Equity
Charles Russell Speechlys has advised UK headquartered managed services provider, Acora, on its investment round with Palatine Private Equity LLP. Acora delivers a wide range of industry leading 24/7 IT infrastructure, cloud and helpdesk services, working primarily with UK-headquartered global mid-market companies. The investment from Palatine will help finance and support the company’s next phase of growth. Acora, which operates from three UK operations centres, is led by chairman Richard Atkins, CEO David Rabson, and CFO Gary Page, supported by a very strong management team and 300+ highly skilled staff.
Charles Russell Speechlys’ expertise in the IT services sector enabled the Corporate Team to deliver expert and bespoke advice to Acora’s shareholders and management on the transaction.
David Rabson, CEO of Acora, commented: “The advice, insights and resources we received from the excellent team at Charles Russell Speechlys, led by Mark Howard, meant we were always in front of the process, dealing with issues and actions in a positive and constructive way; we felt well guided throughout the process.”
Mark Howard, Corporate Partner and Joint Head of TMT, commented: “We thoroughly enjoyed working with David, Gary and the rest of the Acora team on this transaction. IT services is a significant aspect of our TMT sector offering where we have a wealth of experience and we now look forward to working with the Acora team as they embark on the next phase of their journey.”
The Charles Russell Speechlys team, led by Mark Howard, included associates Mo Wang and Alex Stevens (Corporate), partner Robert Birchall and associate Elliot Michaelson (Corporate Tax), legal director Andy Williams and associate Amelia Goodwin (Employment), partner Mark Bailey and senior associate Chris Ingram (Commercial IT), partner Danny Sullivan and associate Cara Fulker (Banking).
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