Bristol lawyers and accountants work with leading IT firm on sale to major national group

January 19, 2024

Specialists from Bristol-headquartered national law firm TLT and the city office of global accountancy group KPMG have  advised a West of England communications and IT business on its sale to a fast-growing national managed service provider.

The teams from TLT and KPMG worked with Cheltenham-based Bamboo Technology’s shareholders on its takeover by CloudClevr.

Bamboo Technology provides essential ICT infrastructure and support to customers to help them build their digital future by transforming their IT and telecommunications.

Its acquisition by CloudClevr is the third in a series of strategic investments by the Stratford-upon-Avon headquartered group, which said it enabled it to strengthen its communications and IT capabilities while also expanding into the West of England.

TLT advised on all legal aspects of the transaction, which involved cross-service expertise led by head of corporate Andrew Webber, pictured, and supported by Dan Whitewood, Joanna Grover and Austen Howarth from the corporate team. 

Also advising from TLT were Georgia Bew (banking), Mark Braude and Amy Thompson (tax) and Dan Read and Lacey Holt (commercial).

KPMG’s Bristol-based corporate finance team working on the deal included Sami Fairris, Dan Bagnall, Danny Vallis and Tom Simmonds.

Bamboo Technology Group founder Stuart Davis said it was clear that there was a very strong cultural and strategic fit between CloudClevr and Bamboo.

“I am pleased that the business will continue to thrive under new leadership and as part of the CloudClevr group,” he added.

“TLT’s attention to detail and support throughout this transaction has been second to none. The team’s in-depth experience advising businesses in the sector was instrumental in achieving the best outcome possible for us throughout the process.”

TLT head of corporate Andrew Webber said the deal demonstrates that, despite a slower merger and acquisition market in 2023/2024, there was significant appetite for businesses that had a strong proposition.

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