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National law firm TLT has advised the shareholders of Bamboo Technology Group on its sale to CloudClevr – a Rigby Technology Investments (RTI) backed provider of IT and communication services.
Bamboo Technology Group is a leading communications and IT specialist based in Cheltenham. The acquisition will support the growth and development of CloudClevr bringing complementary communications and IT capabilities to the group.
TLT advised on all legal aspects of the transaction, involving cross-service expertise. The deal was led by head of corporate Andrew Webber and supported by Dan Whitewood, Joanna Grover and Austen Howarth from the corporate team; Georgia Bew from the banking team; Mark Braude and Amy Thompson from the tax team; and Dan Read and Lacey Hill from the commercial team.
Stuart Davis, founder of Bamboo Technology Group said: “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.”
Andrew Webber, head of corporate at TLT commented: “The acquisition of Bamboo Technology Group by CloudClevr demonstrates that, despite a slower M&A market in 2023/2024, there is significant appetite for businesses that have a strong proposition. It’s been a pleasure to work with the team at Bamboo Technology Group, supporting the business on the next step of its growth journey.”
12 January 2024