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Amdaris, an award-winning software development and digital services specialist based in the UK with service delivery centres located in several eastern European countries. With more than 800 people in their workforce, Amdaris’ core expertise is in providing outsourced extended delivery teams for enterprise and consumer software applications. Through this acquisition, Insight will add Amdaris’ innovative software development, application support, managed services and consultancy services to its broad solutions portfolio and IT supply chain capabilities.
The deal involved cross-sector expertise with TLT acting as legal advisers to the shareholders across all aspects of the deal. The team was led by corporate partner Nina Searle with senior associate Hannah Ward, associate Irina Angliss and trainee Isabel Evans. The corporate team were supported by: Ben Watson, Emma Bradley, Amy Thomson and Chloe Jodkowski (employee incentives); Ellie Bennun (real estate); Ed Hayes (data protection); and Tom Green (pensions).
TLT partner Nina Searle commented: “We’re delighted to have supported the shareholders of Amdaris on this transaction. Having acted for Amdaris and its founders, Vlad and Andy back in 2020 on the BGF investment, we have watched the business grow at an astounding rate, resulting in this successful exit for all of the team. This deal recognises the award-winning expertise and technological capability of Amdaris’ business, and it will no doubt be a fantastic addition to Insight’s global application and data & AI practices. This deal also highlights the considerable opportunities within the UK’s technology sector at the moment, particularly the digital M&A market for solutions integrators, including overseas investment as in this case.”
Vlad Nanu, co-founder of Amdaris said: “TLT is a reliable partner who we used in the past on multiple occasions, and it was a natural decision to work with TLT again on this important acquisition. The speed and professionalism of delivery allowed us to close the deal on time. The friendly colleagues from TLT made the process easy and stress-free.”
Amdaris were also advised by KPMG, who served as exclusive financial advisors in connection with the transaction. Armstrong Teasdale LLP acted as counsel to Insight, with PCB Partners acted as the company’s M&A advisors.
17 August 2023
News 04 SEPTEMBER 2023