Circle IT Solutions Limited has been sold to Arrow Business Communications Limited, a portfolio company of MML Capital
Circle is a fast-growing, U.K.-based, information technology (IT) managed services and digital transformation solutions provider. The company offers an end-to-end value proposition as a strategic IT partner to its enterprise-scale public and mid-market private, client base. In addition to holding Microsoft Gold accreditations, including expertise across the full Microsoft cloud platform (e.g., 365, Azure, Teams, Power Platform and Dynamics), Circle is differentiated through its leading position in the commercially attractive, higher education sector.
Arrow is a U.K.-based, managed services provider with capabilities that span collaboration, connectivity, cloud, IT and cybersecurity. The company received investment from MML Capital in January 2020 to support its growth strategy. Following increasing investment in cloud and managed services, Circle brings additional technical expertise to deliver on Arrow’s strategic ambitions. Arrow was attracted by the strong cultural alignment between the two businesses and Circle’s ability to further enhance Arrow’s cloud, Microsoft and networking capabilities.
Lincoln acted as the exclusive financial adviser to Circle. Working closely with its management team and shareholders, Lincoln provided guidance on the strategic options available, prepared the company for sale and managed the entire transaction process and negotiation of key commercial terms. Lincoln’s thorough preparation and hands-on approach enabled a highly successful, wide, international, but expedited, one-stage transaction process.
Chris Brooks, Managing Director and head of Lincoln’s U.K. Technology, Media & Telecom Group, commented, “We thoroughly enjoyed working with Circle’s management team and shareholders on this transaction and finding an excellent partner to support the company’s future growth. This transaction continues our high levels of activity across Europe and the U.S., furthering our position as a leading advisor to high quality companies in the IT and managed services sectors.”
The Lincoln team did a fantastic job guiding us through this highly organized and efficient process, clearly articulating the Circle proposition to the market and generating significant interest from international and domestic acquirers. As a result, we secured a great outcome for the shareholders and the Circle business going forward.
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