TSG has been sold to Pictet Alternative Advisors
TSG
Founded in 2003, Technology Services Group (TSG) is the UK’s leading fully integrated cloud-first Microsoft managed services and digital transformation provider, boasting the full-house of seven Microsoft accreditations. Headquartered in Newcastle, UK and employing approximately 250 highly accredited people with a technical role, TSG targets the mid-market and ambitious small and medium enterprise space across the public and private sectors.
The Deal
Lincoln International acted as the exclusive financial adviser to the shareholders of TSG, working closely with the management and shareholders to manage the transaction to a successful conclusion. Lincoln provided comprehensive market and buyer insight, strategic advice as well as hands-on execution support, including preparing the company for sale and running a highly successful lender education process.
Pictet Alternative Advisors (Pictet) agreed to acquire 100% of the shares in TSG. The acquisition will enable founder shareholders to exit and the management team to accelerate its growth plan (organically and inorganically) as it enters a new phase of development.
Our Perspective
Chris Brooks, Lincoln International Managing Director who led the transaction, commented, “We are very pleased to have supported TSG shareholders on this landmark transaction, in what represents Lincoln’s 16th transaction in the European IT services sector in the last 24 months. TSG has been on an impressive growth journey over the last few years and is now one of the UK’s leading Microsoft-first managed service providers. The exceptional team at TSG will benefit further from Pictet’s sector expertise and capital as it enters a new phase of growth. We truly enjoyed working with the TSG shareholders and management team, providing both M&A and debt advice and look forward to watching TSG’s continued success.”
Pictet Alternative Advisors
Pictet Alternative Advisors is a Swiss-headquartered global asset and wealth manager that has a more than 200 year heritage supporting and backing entrepreneurs and family owned businesses. It has over approximately €700 billion in assets under management with more than 5,000 employees across 30 global offices.
The direct private equity franchise sits within Pictet Alternative Advisors’ alternative assets business and has approximately €24 billion of private equity assets.
We are delighted with the outcome of this transaction. The Lincoln team did a comprehensive job preparing and subsequently guiding us through this highly organized, competitive and efficient process, providing us with clear advice and successfully articulating the TSG proposition and its key attractions to the market. As a result, we secured a great outcome, both for the shareholders and the TSG business going forward.
Meet our Senior Team
I deliver a hands-on approach to provide strategic advice to my clients throughout the transaction and beyond.
Chris Brooks
Managing Director & Co-head of TMT, Europe
London
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.