The Internet Group acquired to become buy-and-build managed services platform
Arrowpoint Advisory completes sixth Technology deal in 18 months
Arrowpoint Advisory's TMT team continues to lead M&A activity in the UK Tech sector with the acquisition of The Internet Group, acting as advisers to the newly formed TIGL Holdings.
TIG is a fast growing London based Managed Services Provider, which currently employs 70 staff and services over 100 mid-sized business customers globally.
Des Lekerman, the technology entrepreneur who built-up Eurodata Systems, the hugely successful Cloud and Managed Services business, before it was sold in 2011 to Trinity Expert Systems, has formed TIGL Holdings alongside Adam Maurice, the Founder and Managing Director of TIG, who will become Group COO. Two of Des' former colleagues from Eurodata are also joining as Group Sales Director and Group CTO to complete the team.
Des Lekerman, Group CEO said: "I am delighted to announce TIGL Holdings' acquisition of TIG, which we selected as our platform business because of its highly process-driven, customer-centric and scaleable managed services offering. The Arrowpoint Advisory team, led by Simon Cope-Thompson, was instrumental in helping me to complete this first transaction. Having started working together in mid-2012, Simon and his team took the time to understand what I was looking for in a platform investment, and then used their expertise to help structure the deal and lead the deal to completion."
The Arrowpoint Advisory team was led by Managing Director, Simon Cope-Thompson, who added: "TIG is an exciting platform for Des and his team, who were looking to buy into a successful IT Services business which has the infrastructure and capabilities to enable the new group to expand rapidly, both organically and via follow-on acquisitions."