We are delighted to have advised Selection Services and Palatine Private Equity on their acquisition of Aggregated Telecom, 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.
We have a strong relationship with both Palatine and Selection, having advised on the original MBO in 2011. This relationship combined with technology sector expertise allowed our team to work closely with them, providing corporate finance and corporate tax advice.
We are delighted to have concluded our second acquisition since the original MBO of Selection. The acquisition of e8l 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 Dickin Partner, Palatine Private Equity