
Tikehau-backed Claranet buys Union Solutions
Tikehau Capital-backed IT services company Claranet has acquired IT infrastructure software and services company Union Solutions.
Union Solutions' management will remain in their positions. The merger is expected to expand the customer base and capabilities of both groups.
Tikehau acquired a minority stakes in Claranet in May 2017, injecting £80m in exchange for a 20-25% stake.
Claranet employs 1,800 people at its 24 offices and 43 data centres globally and generated a turnover of £325m in 2017.
Company
Union Solutions was founded in 1998 and is headquartered in Reigate, Surrey. The company specialises in a range of IT infrastructure and managed services, including infrastructure design, hosting, transition and migration.
The business employs 30 people at its offices in Surrey and Kent, and has a turnover of around £10m.
People
Claranet – Michael Robert (managing director).
Union Solutions – Jason Rabbets (founder).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater