Project Kestrel – ISN Solutions
FRP Corporate Finance supports secure network consultancy and managed services provider on sale to international tech firm
Our Corporate Finance team advised the shareholders of secure network consultancy and managed services provider, Intuitive Systems & Networks (ISN), on its sale to an international technology services firm, Conscia.
ISN is a secure network consultancy and managed services provider offering the technology and solutions to help businesses choose, implement and maintain their business goals. ISN was established in 2008 and represents over 15 years of enterprise-level experience and success in blue chip organizations. This is in addition to ISO 9001 and ISO 27001 accreditations and best of breed vendors and working across the hospitality, healthcare, emergency services and the private sectors.
Our Corporate Finance team acted as the exclusive sell side advisers to ISN, led by Partner James Mines and supported by Senior Managers Nick Wright, Matthew Nolan and Madhavi Morjaria. Our team helped prepare the business for sale, identifying strategic acquirers, before selecting Danish tech firm Conscia as the preferred buyer, and managing the process to reach a successful completion.
The deal will allow Conscia, which is backed by private equity investor Nordic Capital, to bolster Conscia’s presence in the UK, especially in the commercial sector, increase its capabilities and coverage in the managed services space, and strengthen its cybersecurity offering having acquired Oxford based ITGL last year.
PMC
Technology services provider, PMC, has secured investment from BGF, in a deal supported by our Corporate Finance team.
Founded in 2001, PMC provides consulting, professional services, digital engineering and managed services to over 120 retail, commerce and technology customers across 24 countries. The business employs 500 people across its offices in the UK and India and has a strong a loyal customer base with brands including WHSmith, National Express, Primark, Crew Clothing and World Duty Free.
It has now secured an investment from BGF. The investment will support PMC’s efforts to expand its portfolio of digital engineering and managed services globally. This includes creating a new global centre of excellence in Vadodara, India, which will give PMC the capacity to double the size of its global workforce.
Our Corporate Finance team were appointed by PMC as lead advisers on the deal. We supported at all stages of the deal, which included supporting the team through negotiations, which led to securing the minority investment with BGF.
VanRoey acquires cybersecurity specialist The Collective
VanRoey has acquired The Collective, a Belgium-based cybersecurity specialist headquartered in Zele with deep expertise in Microsoft-based security, endpoint management and managed services for larger organisations. The transaction fits within VanRoey’s growth strategy to further expand its cybersecurity offering and marks the group’s first permanent presence in East Flanders.
VDP acted as exclusive advisor to The Collective.