Corporate lawyers at national law firm Geldards have advised the management team of Acal Enterprise Solutions ltd (AES) on its multimillion pound management buyout from parent company Acal.
Based in Nottingham, AES offers the provision of spare parts, technical support and training services to leading computer maintenance companies.
Established in 1990 as Computer Parts International Ltd, the company was later acquired by Acal plc, a supplier of specialist technologies across Europe and South Africa.
Debra Martin led Geldards’ advice on the deal and explained: “We’re delighted to be involved in a deal that sees a local business become privately owned once again.
“We wish the management team all the best and hope to continue to support them as they look to grow this successful business.”
The management buyout was supported with a £6.4m investment by NVM Private Equity with AES looking to take advantage of the forecasted growth in demand for server, storage and networking requirements across Europe.
Shaun Lynn, Managing Director of AES has led the business since 2010 and said: “The Geldards team is truly the best in class, providing the specialist knowledge and advice needed on what was a really important deal for the management team and the future of the business.
“We intend to build on the success enjoyed with existing key clients and target mid-market service providers to increase our customer base and European presence.”
